Which of the Following Has Research Found to Be True

question 7

Multiple Choice

Which of the following has research found to be true of those with a higher internal locus of control?

• A) They are more likely to complete their college degree than externals.
• B) They are more ambitious than those who have a higher external locus of control.
• C) They show higher levels of performance in the workplace.
• D) All of these are correct.

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Definitions:

Individual Demands

The demand for goods and services by an individual consumer, based on their preferences, income, and prices.

Marginal Utility

The additional satisfaction or value a consumer gains from consuming one more unit of a good or service.

Economic Good

A product or service that has value and can be sold in a market because it is scarce in relation to demand.

Substitution Effect

That part of an increase (decrease) in amount consumed that is the result of a good being cheaper (more expensive) in relation to other goods because of a reduction (increase) in price.