Perfect Complements Will Have

question 61

Multiple Choice

Perfect complements will have

• A) straight line indifference curves.
• B) reverse L-shaped indifference curves.
• C) L-shaped indifference curves.
• D) curved indifference curves, bowed in from the origin.
• E) curved indifference curve, bowed out from the origin.

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Definitions:

Consensus

A form of collective agreement where all members of a group support a decision even if it may not be their first choice, ensuring that everyone's opinion is considered.

Self-Serving Bias

is the common human tendency to attribute positive outcomes to one's own character or behaviors but blame outside factors for negative outcomes.

Fundamental Attribution Error

A psychological bias where people tend to attribute others' behavior too much to internal or personal factors and too little to situational factors.

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response.