When Half of His Class Earned Ds and Fs on the Midterm

question 84

Multiple Choice

When half of his class earned Ds and Fs on the midterm exam,Professor Bush came back to the next class and delivered a stern lecture about their effort.He admonished the class for failing to meet their obligations,for being lazy,and for not taking their studies seriously.These attributions,which were all __________ attributions,did not really give any consideration to the fact that the students may have had other reasons for failing the exam that were beyond their immediate control.

• A) cooperative
• B) situational
• C) accusatory
• D) dispositional

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Definitions:

Perfectly Elastic

This term describes a situation in market economics where the quantity demanded or supplied responds infinitely to changes in price.

Relatively Elastic

Describes a situation where the quantity demanded or supplied changes significantly in response to a change in price.

Unit Elastic

A demand or supply situation where a percentage change in price leads to an equal percentage change in the quantity demanded or supplied.

Market Period

A very short time frame in which the supply of a good is completely inelastic, meaning that the quantity cannot be changed in response to a change in price.