The _____ effect is the tendency that people have to put a higher valuation on anything that they currently possess than on identical items that they do not own.

Answers

Answer 1

The endowment effect is the tendency that people have to put a higher valuation on anything that they currently possess than on identical items that they do not own.

The endowment effect is a well-documented cognitive bias that affects how people value objects. It refers to the idea that people often overvalue items that they possess, simply because they own them. This means that people may be willing to pay more for an object that they already own than they would be willing to pay for the exact same object if they did not own it.

The endowment effect has been observed in a variety of contexts, from consumer behavior to negotiations and auctions. It can impact everything from how people price items they are selling to how they make decisions about whether to keep or give away possessions.

One theory as to why the endowment effect occurs is that people become emotionally attached to things that they own. This emotional attachment can lead them to assign more value to the object, simply because they have it in their possession.

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Related Questions

which of the following is not an important characteristic to convey as part of your professional persona?

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Which of the following is not an important model to convey as part of professional persona? the answer is:

cooperativenessmoderationfair-mindednessmodesty

Personal qualities are acknowledged as soft talents that are hard to teach (although not impossible). They are sometimes referred to as "people skills" or interpersonal skills. Dependability, flexibility, drive, problem-solving, and analytical abilities are a few examples. After graduation, your employer will expect you to have a strong work ethic and professionalism, regardless of the position or field you end up in.

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_____: classification method founded on the assumption of clear-cut differences among disorders, each with a different cause.

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Diagnostic Classification Model: classification method founded on the assumption of clear-cut differences among disorders, each with a different cause.

This is a classification method that is founded on the assumption that different disorders have different causes and are distinct from one another. This method attempts to classify each disorder into a specific diagnostic category based on the symptoms presented by the individual.

It requires a thorough assessment of the individual's history, physical and psychological symptoms, as well as laboratory tests to accurately diagnose the disorder.

The diagnostic classification model is based on the idea that each disorder has a distinct cause, and this cause can be identified and understood through careful analysis and assessment. This model can help clinicians make an accurate diagnosis and provide targeted treatment for the patient.

It can also be used to monitor symptoms and track progress of treatment over time. This model is beneficial in providing a greater understanding of the disorder and its causes, and can lead to more effective treatments.

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What is the research method in which researchers assess behavior in various environments without trying to control the situation called?

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A research method in which researchers assess behavior in various environments without trying to control the situation is called Naturalistic Observation.

What does Naturalistic Observation means in research?

Naturalistic observation is a qualitative research method in which you record your research subjects' behaviors in real-world settings. In a naturalistic observation, you avoid interfering with or influencing any variables.

One of the research methods that can be used for an observational study design is naturalistic observation. The controlled observation is another common type of observation. In this case, the participant is observed by the researcher in a controlled environment (e.g., a lab). The observer controls the majority of the variables and ensures that participants are structurally observed (e.g., by coding specific behaviors).

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according to a 2019 report, almost 70% of r-rated movies (and 31% of g, pg, and pg-13 rated movies) in the united states contained some tobacco use. compared to 2005, this represents a decrease in depictions of tobacco use.TrueFalse

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The given statement 'according to a 2019 report, almost 70% of r-rated movies (and 31% of g, pg, and pg-13 rated movies) in the united states contained some tobacco use' is true.

According to research, viewing smoking-related scenes in movies increases the likelihood of future tobacco usage (including past and present) and smoking-related issues.

Family history and emotional traits are just two of the many sorts of factors that have been connected to teenage smoking issues.

Some anti-tobacco activists feel that the World Health Organization's recommendation to assign adult ratings to movies with smoking-related sequences may discourage children from lighting up.

Supporters of restricting children's access to these images claim that since most countries have neglected the issue, restrictive ratings may affect the type of movies that are marketed to children.

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question: when the pavement line or curb appears to run through the middle of the vehicle's hood, the right side of the vehicle is options: O 3-6 inches from the curb O 2 feet from the curb O 3 feet from the curb O 5 feet from the curb

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When the pavement line or curb appears to run through the middle of the vehicle's hood, the right side of the vehicle is A. 3-6 inches from the curb.

To level the vehicle at a height of 3 to 6 inches from the curb or passenger side curb, the driver must stop when the curb passes the center of the hood. Teens should get out of the car and check that the tires are 3 to 6 inches off the line and adjust if necessary.To align the 3-6 inch front bumper on a sidewalk or curb line, the driver must stop when the line appears under the passenger side mirror. Have your teenager get out of the car and make sure the front bumper is 3 to 6 inches off the sidewalk or curb. Adjust and reset the front reference point if necessary.

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"Some people insist the United States is more properly called a republic rather than a democracy."
The people who support this statement argue that the United States is a republic because in its government,

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Selective officials, rather than the locals themselves, use political power indirectly. Legislators and many average citizens frequently refer to the US as a majority rule regime.

Some find this troubling because, unlike in a vote-based system where citizens expressly vote on legislation, in the United States, chosen agents do so. As a result, the United States is a republic. According to these two notions' definitions, some people believe that America is a republic rather than a democracy. In a republic, the people have the most power over the government. To assist them in making decisions and passing laws that will benefit everyone, these people will elect representatives to the local, state, and federal governments.

But, in a democracy, voters frequently have a say in almost every facet of society. In America, the situation is different. Seldom do citizens get the chance to cast ballots that have an impact on legislation that is passed. Federal legislation is created by representatives. Because of this, some claim that the United States is more appropriately referred to be a republic than a democracy.

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The complete question follow

Use this excerpt from the text to answer the question. "Some people insist the United States is more properly called a republic rather than a democracy." The people who support this statement argue that the United States is a republic because in its government,

according to theory of intelligence, a single test score accurately reflects a person's overall level of intelligence whereas factor theory says it does not.

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According to the g-factor theory of intelligence, a single test score accurately reflects a person's overall level of intelligence whereas the multiple-factor theory says it does not.

The g-factor theory of intelligence posits that intelligence is a general cognitive ability, referred to as "g", that underlies performance on a wide variety of mental tasks. According to this theory, a single test score can accurately reflect a person's overall level of intelligence because it captures their underlying general cognitive ability.

In contrast, the multiple-factor theory of intelligence proposes that intelligence is composed of multiple specific cognitive abilities, such as verbal, spatial, and numerical reasoning. According to this theory, a single test score is not sufficient to accurately reflect a person's overall level of intelligence because it does not capture their performance on a range of specific cognitive abilities.

While the g-factor theory and multiple-factor theory present different perspectives on the nature of intelligence, both have contributed to our understanding of cognitive abilities. Research suggests that both general cognitive ability and specific cognitive abilities are important for academic and work performance.

Complete question:

According to ________________ theory of intelligence, a single test score accurately reflects a person's overall level of intelligence whereas ________________ factor theory says it does not.

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Memory retrieval that is easier when the person is in the same psychological condition during retrieval as he or she was during encoding is called ________ retrieval. Group of answer choices
context consistent
encoding specific
state-dependent
mood-congruent

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Memory retrieval that is easier when the person is in the same psychological condition during retrieval as he or she was during encoding is called  encoding specific retrieval.

The main idea behind the encoding specificity principle is that retrieving episodic memories is aided by matching the encoding contexts of information to recall. It offers a framework for comprehending how environmental factors influence how knowledge is remembered and recalled.

It was first proposed by Thomson and Tulving, who asserted that memories are encoded with contextual information, which has an impact on the retrieval process. It is essential that the knowledge is available when a person uses it from memory.

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FILL IN THE BLANK. Each legislative district in Texas elects ______ member(s) for each senatorial district and ______ member(s) for each house district.

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Each legislative district in Texas elects 1 member(s) for each senatorial district and 1 member(s) for each house district.

The Texas Legislature is the state legislature of Texas in the United States. It is a bicameral body with a Senate of 31 members and a House of Representatives of 150 members. The state legislature meets in Austin at the Capitol.

It is a powerful arm of the Texas government not only because of its power of the purse to control and direct state government activities and the strong constitutional links between it and the Lieutenant Governor of Texas, but also because of Texas's plural executive.

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he interview process has gone well. There are a few things that need clarification and what really happens when specific financial analysts use the system. Which of the following might be the best way to verify what does happen?
Observation of how the analysts do their work

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Observation of how the analysts do their work can be an effective way to verify what really happens when specific financial analysts use the system.

By observing how the analysts interact with the system and how they use the available features and functions, you can gain valuable insight into how the system is being used in practice. This can help you identify any gaps in the system's functionality or areas where additional training may be necessary.

To ensure that your observations are accurate and representative, it's important to observe a diverse group of analysts who have different levels of experience and expertise with the system. You may also want to conduct interviews or surveys to gather feedback from the analysts about their experiences and to ask for their suggestions on how the system can be improved.

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Which of the following statements has the least level of formality when compared to the other statements?
Please confirm your attendance by replying to this message.
I'll double-check with Samir on the matter and keep you posted.
Please ensure that your payment reaches our office by 8 p.m. today.
We have prepared a detailed analysis for the board.
Thank you; we will get back to you within three working days.

Answers

The statement "Please confirm your attendance by replying to this message" has the least level of formality when compared to the other statements.

It is a polite request for confirmation of attendance without any additional details, and does not contain the same level of detail or formality as the other statements.

Formality is the level or degree of politeness and courtesy that is used in a given situation. It is usually measured by the choice of language, the amount of detail, and the level of politeness that is used in a communication. In general, more formal language is more polite and respectful, while less formal language may be more direct and less respectful.

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daniel joins a kayaking club. he purchases the necessary equipment and searches online for kayaking videos and researches local rivers and lakes. he begins to see banner ads for companies that sell kayaking and other outdoor gear. this is an example of blank segmentation based on his lifestyle

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This is an example of blank segmentation based on his lifestyle - psychographic.

Can a novice kayaker do it?

Kayaking is a fantastic activity for beginners because, if you master the fundamentals, you can get going straight away. Of course, kayaking can be harmful if there are unsafe conditions with the water or the weather. But even experienced kayakers are advised against doing this.

Is kayaking an affordable hobby?

Used kayaks may be purchased for as little as $200, making kayaking a fairly affordable pastime. In addition, you may want to get a life jacket and a paddle. If you make sensible choices, the total cost of this combination shouldn't exceed $100. A pretty expensive pastime to start, but once you have the necessary equipment, there are no charges!

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Mrs. Violet asks agent Bob where she can find the Star Rating for the plan he has been presenting. Which statement is correct?
A. Mrs. Violet can access the Star Rating for a plan on Medicare.gov or in the Enrollment Guide.
B. Mrs. Violet cannot access a plan's Star Rating until she enrolls in the plan.
C. Mrs. Violet cannot access the plan's Star Rating on uhcmedicaresolutions.com or other appropriate product website.
D. The agent cannot provide the Star Rating verbally to Mrs. Violet.

Answers

Option A is Correct. Agent Bob is questioned by Mrs. Violet about where she can discover the plan's star rating. The Star Rating for a plan can be found in the enrollment guide or on Medicare.gov for Mrs. Violet. The assertion is true.

The Star Ratings system makes it easier for Medicare beneficiaries to assess the quality of the drug and health plans that are available, giving them the knowledge they need to choose the best course of treatment.

Customers have the option of changing plans, enrolling in a Medicare Advantage plan, or joining a Prescription Drug Plan. Agent Bob is questioned by Mrs. Violet about where she can discover the plan's star rating. The following is true: Correct Response: Mrs. Violet can visit Medicare.gov to view a plan's Star Rating.

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what was the court's CONCLUSION in the sogetti USA v scariano case?

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The employee's express assent is required for the assignment of the restrictive covenant to be enforced against him, and this is the fundamental issue or legal question in the Sogetti USA v. Scariano case.

Following a bench trial, the United States District Court for the Southern District of New York (Holwell, J.) found Whirlwind in breach of contract and awarded plaintiff-counter-defendant-appellee Sogeti USA LLC ("Sogeti") contract damages and interest. Defendant-counter-claimant-appellant Whirlwind Building Systems, Inc.

"Whirlwind" appeals from this judgement. Additionally, the district court rejected Whirlwind's counterclaims for contract violation, fraud, and careless misrepresentation. Following a bench trial, we check the district court's findings of fact for obvious errors and its legal conclusions on a case-by-case basis.

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To better understand scores, a graduate school admissions committee converts GRE scores to z-values. Which of the following z-scores is least likely to obtain admission to the graduate program?
Select one:
a. z = 1.0
b. z = 0
c. z = -1.0
d. z = 2.0
e. z = -2.0

Answers

It's not possible to determine which z-score is least likely to obtain admission to the graduate program without knowing more information about the specific admissions process and criteria.

However, in a standard normal distribution, which is a type of distribution that has a mean of 0 and a standard deviation of 1, a z-score of 0 represents the mean. This means that a z-score of 0 would be an average score, and it would not necessarily make an applicant more or less likely to be admitted to the graduate program. Z-scores of 1.0 and -1.0 represent scores that are one standard deviation above and below the mean, respectively. Z-scores of 2.0 and -2.0 represent scores that are two standard deviations above and below the mean, respectively. Depending on the specific admissions process and criteria, any of these z-scores could be less likely to obtain admission to the graduate program.

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fbi agent who investigated the donald trump russia collusion has been arrested for colluding with russia.T/F

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False. There has been no reports of any FBI agent who investigated the Donald Trump Russia collusion being arrested for colluding with Russia.

While the FBI has been conducting investigations into possible collusion between Trump's campaign and Russia, no arrests have been made.

In July 2018, Special Counsel Robert Mueller indicted 12 Russian intelligence officers for hacking into the Democratic National Committee and other political organizations and releasing emails in an effort to interfere with the 2016 presidential election.

However, Mueller's investigation did not find any evidence of collusion between the Trump campaign and Russia.

Additionally, the indictment of Roger Stone, a former Trump campaign official, was based on accusations of witness tampering, obstruction of justice, and making false statements to Congress, but not collusion with Russia.

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In the late nineteenth and early twentieth centuries, some governments responded to the growing popularity of revolutionary ideas such as the ones expressed in the Communist Manifesto by doing which of the following?
answer choices
Increasing the number of financial instruments available to help expand transnational businesses
Expanding colonial territories and increasing industrial production
Passing reforms designed to improve the conditions of industrial workers
Opening large sectors of the economy to foreign direct investment

Answers

Communist manifesto is a political pamphlet written by German philosophers Karl Marx and Friedrich Engels.

Karl Marx and Friedrich Engels outlined the need for socialism in the communist manifesto, arguing that capitalism would destroy society.

Karl Marx and Friedrich Engels, two German thinkers, penned the Communist Manifesto, formerly known as the Manifesto of the Communist Party.

The Communist Manifesto, which was ordered by the Communist League and first appeared in London in 1848, is still regarded as one of the most important political works ever written. Without speculating on possible future manifestations of communism, it critiques capitalism and the capitalist mode of production and offers an analytical approach to class conflict.

So the second answer is correct Expanding colonial territories and increasing industrial production.

Marx and Engels' beliefs about the nature of society and politics are summed up in the Communist Manifesto, which says, in their own word.

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a prisoner is being threatened by other prisoners because of a rumor that he killed a child. a prisoner who is a paid informant for the fbi befriends him. the informant offers to protect the prisoner if the prisoner tells him whether the rumor is true. the prisoner admits to the murder.

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If it is a full confession being the culprit, a jury might be persuaded to base its verdict solely on it.

A reviewing court must proceed with utmost caution before concluding that the admission of a confession by verdict was innocuous due to the possibility that it was coerced and the serious impact it has on the jury. The evidence demonstrates that the State did not carry its burden of proof. First, the transcript demonstrates that the trial judge and the State both understood that a successful prosecution depended on the jury trusting both confessions because it is implausible that both confessions were made under conviction.

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which of the following is not a risk factor for sids? group of answer choices above average birth weight hyperthermia premature birth smoking in the home

Answers

Above average birth weight of the following is not a risk factor for kids.

What is risk factor?

Risk factor refers to any characteristic, condition, or behavior that increases the likelihood of an individual developing a particular health condition or experiencing a negative outcome. Some common risk factors include age, genetics, lifestyle choices (such as smoking or excessive alcohol consumption), environmental factors (such as exposure to pollution or toxins), and certain medical conditions (such as high blood pressure or diabetes). Understanding and identifying risk factors is important for healthcare professionals as they can help to inform prevention and intervention strategies. Additionally, individuals can use knowledge of their own risk factors to make informed decisions about their health and take steps to reduce their risk of developing certain conditions.

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which of the following is an example of visual communication? hypnosis a musical composition propaganda critical thinking

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An example of visual communication is C. Propaganda.

What is visual communication ?

Visual communication refers to forms of communication that use visual aids, such as images, charts, graphs, or illustrations, to transmit information. Hypnosis is a psychological technique that uses verbal suggestions and eye fixation to induce a trance-like state.

Propaganda on the other hand, involves the use of images and ads that are meant to change the way people think of things. It is therefore an example of visual communication.

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What technique is used when a person purposefully sets up situations to challenge fears?

Answers

A psychological therapy that is called exposure therapy was created to assist patients in facing their concerns and fears.

People who are completely afraid of anything usually steer clear of the dreaded things, people, or circumstances. In short term, this avoidance may assist to lessen fearful sensations, but in the long run, it may exacerbate them. In these circumstances, a psychologist may suggest an exposure treatment programme to assist break the cycle of avoidance and fear. In this type of therapy, psychologists establish a secure setting in which to "expose" patients to the things they avoid and are afraid of. Exposure to the most dreaded things, actions, or circumstances in a secure setting aids in lowering anxiety and lowering avoidance.

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Potential research participants are told enough about an upcoming study to enable them to choose whether they wish to participate. This illustrates the practice of seeking a. a placebo effect. b. a representative sample. c. an operational definition. d. informed consent.

Answers

The practice described in the question is seeking informed consent from potential research participants. Here option D is the correct answer.

Informed consent is a critical ethical principle in research, which requires that potential research participants are provided with enough information about the study to make an informed decision about whether or not to participate.

The researcher must explain the nature of the study, the procedures involved, the potential risks and benefits, and any other relevant information that may affect the participant's decision to participate.

The informed consent process ensures that participants are fully aware of what they are consenting to and that their decision to participate is voluntary and informed. This practice helps to protect the rights and welfare of research participants and promotes ethical conduct in research.

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Which of the following terms is referred to as a general way of thinking about something, NOT necessarily based on research? Group of answer choicesIdeaTheoryApproachDirection

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Approach is a term that is referred to as a general way of thinking about something, NOT necessarily based on research.

The words thought and thinking, in their most basic definition, relate to conscious cognitive processes that can occur without the assistance of sensory input. Judging, reasoning, concept formulation, problem solving, and deliberation are some of their most typical manifestations. However, other mental activities, such as thinking about a concept, recalling memories, or imagining things, are frequently also included. Contrary to perception, these activities can take place inwardly without the involvement of the senses. But when considered broadly, any mental event—including perception and unconscious thought processes—can be seen as a sort of thinking. In a slightly different definition, the word "thought" does not refer to the mental processes themselves, but rather to the mental states or conceptual systems that these processes produce.

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All of the following statements are accurate with regard to the status of women in the French workplaceexcept:A. From a legal standpoint, French law guarantees equal treatment and equal professional opportunitiesfor men and womenB. As in the United States and Japan, French women face many obstacles when trying to break the glassceilingC. As a result of strong efforts to gain equality, French women are no longer underrepresented in theworkplaceD. France has seen an increase in the number of women not only in the workforce but also in managementpositions

Answers

Option c) As a result of strong efforts to gain equality, French women are no longer underrepresented in the workplace at all levels.

The maximum permitted is 48 hours per week, or an average of 44 hours over 12 consecutive weeks. Overtime is defined as time worked in excess of 35 ordinary working hours. With 11 hours of rest in between working days and 35 hours of rest every workweek, breaks are at least 20 minutes long every six hours.

In France, there is a clear distinction between work and life. It is protected by numerous laws, and France's workplace culture is based on it. The majority of employees may only show up in the office between 9 and 10 am because French legislation requires that they take at least 11 hours off each day.

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the sailor 2025 program and the implementation of its core tenets supports which design for maritime.T/F

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The Sailor 2025 program aligns with the design for maritime superiority line of effort by supporting the core tenets of "strengthening the Navy team for the future".

The Sailor 2025 program is a major initiative aimed at modernizing the U.S. Navy's personnel system and improving the readiness and capability of the Navy team. The program focuses on several core tenets such as developing a more agile and adaptable workforce, improving training and education & enhancing the quality of life for sailors and their families.

By implementing these tenets, the program supports the line of effort to "strengthen our Navy team for the future". This means creating a more dynamic and flexible force that is better prepared to meet the challenges of tomorrow's maritime environment.

This question should be provided as:

The sailor 2025 program and the implementation of its core tenets supports which design for maritime superiority line of effort?

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Our most deeply held beliefs, upon which we base the decisions and desires of our life. All of our gut-level judgements of right/wrong, good/bad, important/unimportant are evidence of our value system at work.True False

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True. Our values are the foundation ofbeliefs and shape our perceptions of the world. They guide our decision-making, influenced our behavior.

They can be influenced by a variety of factors, including our family, religion, social groups, and personal experiences.True. Our values are often expressed through our emotions, reactions, and attitudes. For example, we may feel a strong sense of justice and fairness and become outraged when we witness an injustice, or we may place a high value on loyalty and become deeply upset when someone betrays us.True. Our values can also be reflected in our goals and aspirations. For example, if we place a high value on creativity, we may aspire to become an artist, writer, or musician. If we value helping others, we may aspire to become a teacher, doctor, or social worker.True. Our values are not always conscious or explicit, but they are always present and influence our thoughts and actions. They may even contradict one another, causing inner conflict and ambiguity.True. Our values can evolve and change over time as we gain new experiences and perspectives.

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If you were president of the united states after Pearl Harbor how would you respond?

Answers

If I was the president I would extradite the criminal to the U.S. to face prison time or death Penalty.

FILL IN THE BLANK. Many of the Founders believed that government legitimacy is derived from __________, which holds that governments exist based on the consent of the governed.

Answers

Many of the Founders believed that government legitimacy is derived from social contract, which holds that governments exist based on the consent of the governed.

According to the social contract hypothesis, people cooperate in society in line with a set of moral and societal norms. According to some, if we follow the social compact, we can live morally out of our own free will rather than because a higher power commands us to. Philosophers dating back to Socrates have attempted to define the ideal social contract and explain how current social contracts have changed throughout the ages. According to philosopher Stuart Rachels, morality is a collection of norms that rational individuals accept as the norm for action, provided that others do the same.

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The current approach to the psychology of women is more likely than the approach during the 1970s to emphasize thata. the similarities among women are much greater than the differences between them.b. gender differences in salary can best be explained by women's lack of self-confidence.c. the most important distinction among people is gender; other factors such as social class and ethnic background are relatively unimportant.d. gender is an extremely complex topic.

Answers

Option a is Correct. The emphasis on how much more similar women are than different women is more likely to be part of the present psychology of women approach than it was in the 1970s.

An approach known as feminine psychology, often known as the psychology of women, focuses on the social, political, and economic problems that women face throughout their lives. It was born out of opposition to male-dominated developmental theories like Sigmund Freud's theory of female sexuality.

There are three basic psychological theories that explain how we arrive at our gender identities. These are cognitive-developmental theory, psychodynamic theory, and social learning theory. Some of the most significant discoveries and theories that have shaped psychology have been made by women. Psychology Spot claims that their work paved the path in fields including attachment theory.

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Doing something that embarrasses us or makes us feel foolish in front of others and then justifying the behavior afterward exemplifies which theory?self-presentation theoryself-affirmation theoryself-perception theoryself-justification theory

Answers

The theory that sees us embarrassing ourselves and then trying to justify the behavior afterwards is B. self-affirmation theory

What is the self affirmation theory ?

The self-affirmation theory is a psychological theory that suggests that people engage in behaviors that help to boost their self-esteem and affirm their self-worth, even if those behaviors are negative or embarrassing.

The theory holds that when people feel threatened or are faced with information or experiences that challenge their self-concept, they will often seek out ways to affirm their self-worth.

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