Ingroup Bias Refers to

question 204

Multiple Choice

Ingroup bias refers to

• A) the tendency to favor "us" rather than "them."
• B) those who share a common identity.
• C) those perceived as different and separate from us.
• D) the tendency to recall faces of one's own race more accurately than faces of other races.

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Definitions:

Specialization

The process of focusing on a narrow area of expertise or production, enhancing efficiency and skill through the division of labor.

High Consumption-Low Investment

This term refers to an economic situation where a country or entity spends a significant portion of its income on consumption rather than investing in capital goods that could contribute to future growth.

High Investment-Low Consumption

An economic strategy or situation that focuses on higher levels of investment in capital and infrastructure while maintaining lower levels of consumer spending.

Marginal Benefit

The additional satisfaction or utility that an individual gains from consuming one more unit of a good or service.