Which of the Following Statements Best Describes the third Person

question 1

Multiple Choice

Which of the following statements best describes the third person effect? People tend to

• A) overestimate the influence of persuasion on themselves and underestimate its effects on others
• B) underestimate the influence of a group on an individual member
• C) underestimate the influence of persuasion on themselves and overestimate its effects on others
• D) underestimate the influence of the individual member on the group

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Definitions:

Minimum-wage Laws

Regulations establishing the lowest wage that employers can legally pay their workers.

Unemployment

A situation where individuals who are capable of working and willing to work cannot find employment.

Cartel

A group of firms acting in unison

Market Power

The ability of a single economic actor (or small group of actors) to have a substantial influence on market prices.