In a Study by Ross and Colleagues (1977)researchers Randomly Assigned

question 81

Multiple Choice

In a study by Ross and colleagues (1977) researchers randomly assigned participants to play the part of either a quiz show contestant or the questioner,while other participants were the observers.The results indicated that:

• A)both contestants and observers thought the questioners were more knowledgeable than the contestants.
• B)both contestants and observers thought the contestants were more knowledgeable than the questioners.
• C)observers thought the questioners were more knowledgeable,but contestants attributed the outcomes to the situation.
• D)questioners thought themselves more knowledgeable,but contestants attributed the outcomes to the situation.

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Definitions:

Quantity Supplied

The complete quantity of a product or service that producers are prepared and can offer for sale at a certain price during a particular timeframe.

Economy Moves

Refers to changes or shifts in the economic activities and conditions within a country or region.

Demand

How much of a good or service that individuals are eager and financially able to buy at differing prices throughout an established period.

Equilibrium Price

The market price at which the supply of an item equals the quantity demanded, leading to economic stability for that item.