The Process by Which People Draw Inferences About Others Based

question 163

Multiple Choice

The process by which people draw inferences about others based on their knowledge of the categories to which others belong is known as:

• A)stereotyping.
• B)prejudice.
• C)discrimination.
• D)categorization.

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Definitions:

Wage Cut

A reduction in the rate of pay received by workers, often implemented by employers to reduce costs or in response to economic conditions.

Marginal Products

The additional output that is produced by employing one more unit of a variable factor of production, holding other inputs constant.

Separating Equilibrium

A situation in economics where different types of market participants can be distinguished based on their actions or decisions.

Pooling Equilibrium

A situation in game theory where different types of players choose the same strategy, making it impossible for observers to differentiate between them based on their actions.