We Don't Evaluate a Person in Isolation

question 54

Multiple Choice

We don't evaluate a person in isolation. Our reaction to a person is influenced by other persons we have recently encountered. This is known as the ________.

• A) halo effect
• B) contrast effect
• C) confirmation bias
• D) framing effect
• E) impact bias

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Definitions:

Bushels Supplied

A measurement reflecting the quantity of a commodity, like grain, provided for sale at a given time.

Market Equilibrium

A state in a market where supply equals demand, and neither buyers nor sellers have the incentive to change prices or quantities.

Demand Curves

Graphical representations showing the relationship between the price of a good or service and the quantity demanded for a given period.

Supply Curves

Graphical representations that show the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.