Answer: Social psychologists would call this confusion a cosequence of pluralistic ignorance
Explanation:
Pluralistic ignorance is a situation in which most members of a group privately reject a rule, but go along with it since they incorrectly assume that most others accept it. This is also described as "no one believes, but everyone thinks that everyone believes". In a nutshell, pluralistic ignorance is a bias about a social group, supported by the members of that social group.
Answer:
A. If my answer is wrong, please correct me :).
Explanation:
Answer:
SELL, BUY, DOWN.
Explanation:
The answer to the fill in the blanks will be SELL, BUY, DOWN.
If the dollar price of oil is higher in any country then what arbitrageurs will do is he will sell oil in country which has a high dollar value.
And will buys oil from the country where the dollar value is less and this process will drive down the price of oil.
