Evaluating Other People Positively or Negatively Based on Their Group

question 36

Multiple Choice

Evaluating other people positively or negatively based on their group membership illustrates:

• A)discrimination.
• B)prejudice.
• C)group polarization.
• D)hypothesis-confirming bias.

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Definitions:

Marginal Benefit

The additional benefit derived from producing one more unit of a good or service.

Accounting Profit

The total revenue of a business minus its explicit costs; essentially the net income reported on the financial statements.

Economic Profit

The difference between the total revenue received by a business and the total costs, including both explicit and implicit costs.

Overhead

Ongoing business expenses not directly attributed to creating a product or service.