The Belief That One Can Influence Events Even When One

question 50

Multiple Choice

The belief that one can influence events even when one has no power over what will happen is known as

• A)framing effects.
• B)discounting the future.
• C)illusion of control.
• D)affective conflict.
• E)cognitive conflict.

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Definitions:

Capital Income

This term refers to the total amount of money generated from investments, dividends, interest, and any other sources other than labor earnings.

Rent

A regular payment made for the use of land, property, or equipment.

Opportunity Cost

The skipping of feasible improvements from various alternatives due to settling on one.

Own Savings

The portion of personal or household income that is not spent on consumption but is kept aside for future use, investments, or emergencies.