Which of the Following Is True of Cognitive Dissonance

question 47

Multiple Choice

Which of the following is true of cognitive dissonance?

• A) It is the consistency between experience and belief.
• B) It happens frequently especially with more expensive items.
• C) It almost always happens with purchases that are not considered risky.
• D) It is a doubt that occurs before making a purchase.

---

Definitions:

Scrimping

The act of saving money by spending less, often by cutting back on non-essential expenses.

Signaling

The action of sending a signal (often indirectly) to convey information or intentions in economics, particularly in markets where information is asymmetric.

Informed Party

An individual or entity possessing knowledge or information that gives them an advantage in transactions or decisions.

True Risks

The actual risks associated with an investment, activity, or decision, taking into account all factors and potential outcomes.