Ted and Tom Have Equivalent Grades in School and Are

question 227

Multiple Choice

Ted and Tom have equivalent grades in school and are both applying to medical schools in order to become doctors. Ted believes he has the ability to achieve this goal but Tom is skeptical about his ability to be accepted to medical school. If self-efficacy alone were to determine the outcome:

• A) Ted would be accepted into medical school before Tom because he believes in his ability to succeed
• B) both boys will be accepted to medical school
• C) neither Ted nor Tom has the motivation to succeed in medical school
• D) Tom's skepticism will cause him to work harder and he will be accepted to medical school before Ted

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Definitions:

Recessions

Phases of transitory economic regression that see a drop in business and industrial activities, typically identified by a GDP decrease across two back-to-back quarters.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, steep declines in industrial output, and severe deflation.

Lack of Investment

A situation where there is insufficient investment in an economy to support growth objectives, often leading to stagnation or decline in economic performance.

Foreign Purchases Effect

The phenomenon where changes in domestic prices can influence the demand for foreign and domestically produced goods.