During Lunch a Group of Computer Science Majors Were Discussing

question 178

Multiple Choice

During lunch a group of computer science majors were discussing their choice of field. One student admitted that he had once considered becoming an accountant but decided against it because "accountants are all boring number crunchers without an ounce of creativity." This statement best reflects the:

• A) out-group homogeneity effect.
• B) fundamental attribution error.
• C) in-group heterogeneity effect.
• D) just-world hypothesis.

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Definitions:

Equilibrium Point

The state in a market where supply equals demand, leading to stable prices and quantities.

Normal Goods

Goods for which demand increases as the income of the buyer increases, and vice versa.

Price Rises

An increase in the cost of goods or services, often due to factors like inflation, supply and demand imbalances, or production costs.

Income Effects

Changes in consumers' purchasing patterns resulting from a change in their income, influencing how they allocate their spending across different goods and services.