Figure 8.5.2 -Higher Input Prices Result In

question 104

Multiple Choice

Figure 8.5.2
-Higher input prices result in:

• A) upward shifts of MC and reductions in output.
• B) upward shifts of MC and increases in output.
• C) downward shifts of MC and reductions in output.
• D) downward shifts of MC and increases in output.
• E) increased demand for the good the input is used for.

Describe how cognitive dissonance theory explains behavior and attitude change.

Recognize the influence of situational and dispositional factors on behavior as described by the actor-observer effect.

Explain the role of self-handicapping strategies in protecting self-esteem.

Identify methods used in psychological research and attitude measurement, such as Likert scales.

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Definitions:

Opinions

Personal beliefs or judgments that are not necessarily based on fact or knowledge.

Valid

A term used to describe something that is logically sound, well-grounded, or legally acceptable.

Dialectical Reasoning

A method of argument for resolving disagreement that involves the exchange of propositions (theses) and counter-propositions (antitheses) resulting in a synthesis of the opposing assertions.

Opposing Points

Refers to viewpoints or arguments that are in direct contrast or opposition to each other.