In the Context of Self-Serving Attributions,saying "I Earned an a on My

question 117

Multiple Choice

In the context of self-serving attributions,saying "I earned an A on my psychology test" versus "My instructor gave me a C on my psychology test" exemplifies how we:

• A)attribute negative outcomes to ourselves and positive outcome to others.
• B)attribute positive outcomes to ourselves and negative outcomes to others.
• C)associate ourselves with a lack of hope and distance ourselves from pride.
• D)associate ourselves with punishment and distance ourselves from rewards.

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Definitions:

Marginal Cost

The outlay for producing a supplementary unit of a product.

Average Cost

The total cost of production divided by the quantity produced, alternatively known as unit cost.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at different prices.

Rent-Seeking Activity

Rent-Seeking Activity involves individuals or entities attempting to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than creating new wealth.