Wallace and Colleagues Found the Average Correlation Between Attitudes and Behavior

question 36

Multiple Choice

Wallace and colleagues found the average correlation between attitudes and behavior to be about

• A).23.
• B).41.
• C).75.
• D).92.

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Definitions:

Opportunity Cost

The expenditure experienced from not picking the immediate runner-up selection during a choice process.

Economies of Scale

The cost advantage achieved when production becomes efficient, leading to a decrease in the per-unit cost as the volume of production increases.

Autarky

A situation where a country or economy operates in total self-sufficiency, without engaging in international trade.

Production Possibilities

The different quantities of various goods and services that an economy can produce with given resources and technology.