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The scientific study of how individuals behave, think and feel in social situations is known as ______. A. Social psychology B. Cultural psychology C. Behavioral psychology D. Group psychology Answer; A. Social psychology. Explanation; The scientific study of how individuals behave, think and feel in social situations is known as Read more…
Critical thinking means making judgments based on ________________. A) emotion B) keeping a closed mind C) reason and logical evaluation D) authority and expertise Answer: C) reason and logical evaluation Define critical thinking Critical thinking is the ability to think about information and facts, judge their value, and make decisions. Read more…
Which of the following statements about eyewitness testimony is correct? Eyewitness testimony is always reliable. Eyewitness testimony is never reliable. Eyewitness testimony is reliable for events that do not involve crime. Eyewitness testimony is vulnerable to the power of suggestion. Answer; 4. Eyewitness testimony is vulnerable to the power of Read more…
Which of the following is an example of derived demand? As the demand for hot dogs increases, the demand for hot dog buns increases. The supply of the meat that goes into hot dogs will affect the quantity demanded of the meat during the summer. As demand for hot dogs Read more…
Which statement is not true regarding a straight life policy? A) It has the lowest annual premium of the three types of whole-life policies. B) Its premium steadily decreases over time, in response to its growing cash value. C) The face value of the policy is paid to the insured Read more…
Question 1 All of the following make up the big three credit reporting agencies except: A: Equifax B: Federal Reserve. C: Transunion D: Experian Answer; B: Federal Reserve. Explanation: The Federal Reserve is a central bank of the United States and is also responsible for supervising financial institutions and insuring Read more…
Which helps enable an oligopoly to form within a market? Costs of starting a competing business are too high. The government restricts market entry. The number of options in a market confuses consumers. No competition exists between producers. Answer; (A) Costs of starting a competing business are too high Get Read more…
Which of the following is a unique feature of credit unions? A. Credit unions are owned and operated by their participants. B. Credit unions provide a huge variety of financial products and services akin to the banks. C. Credit unions can have a large pool of members as membership is Read more…
What is one benefit of purchasing saving bonds? A. Saving bonds are purchased from the government and guaranteed to increase in value. B. Saving bonds are purchased from commercial banks and guaranteed to increase in value. C. Saving bonds are short-term investments backed by the government to protect from loss. Read more…
Which of the following types of financial aid do not require you to pay the money back? A. Grants B. Private Loans C. Federal Loans D. All of the above. Answer; A. Grants Grants don’t have to be paid back because they typically come from governmental organizations or private foundations Read more…