What Is One of the Most Important Determinants of High

question 56

Multiple Choice

What is one of the most important determinants of high self-efficacy?

• A) an internal locus of control
• B) previous success
• C) the tendency to be a low self-monitor
• D) high self-esteem

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Definitions:

Inefficient

A situation where resources are not utilized in the best possible way, leading to wasted inputs or the capability to produce more for less not being exploited.

Comparative Advantage

Situation in which Country 1 has an advantage over Country 2 in producing a good because the cost of producing the good in 1, relative to the cost of producing other goods in 1, is lower than the cost of producing the good in 2, relative to the cost of producing other goods in 2.

Marginal Costs

The additional cost incurred by producing one more unit of a product or service.

MP3 Players

Portable electronic devices designed specifically for playing audio files in the MP3 format, a popular digital audio encoding and compression format.