When We Compare Ourselves to Others Who Are Less Capable,we

question 6

Multiple Choice

When we compare ourselves to others who are less capable,we are engaged in a(n) ________.

• A)downward attribution
• B)upward attribution
• C)downward social comparison
• D)upward social comparison
• E)lateral social attribution

Comprehend the impact of price changes on the quantity demanded due to the law of diminishing marginal utility.

Recognize the factors influencing demand and supply in competitive markets.

Grasp the concept of marginal utility and how it guides consumer choices and spending.

Identify the substitution and income effects in response to price changes.

---

Definitions:

Neoconservatives

The leaders of the conservative insurgency of the early 1980s. Their brand of conservatism was personified in Ronald Reagan, who believed in less government, supply-side economics, and “family values.”

Social Programs

Initiatives typically provided by the government or NGOs aimed at improving social welfare and providing assistance to the needy.

Liberal Democrats

A political party or individuals advocating for political liberalism, emphasizing civil liberties, democracy, and social and economic equality.

Actor

A person who performs in theatrical, film, television, or other narrative roles for entertainment, assuming characters distinct from their own personal identity.