Heika and Lucille Were Both Passed Over for a Promotion

question 121

Multiple Choice

Heika and Lucille were both passed over for a promotion at work. Heika is sure that the boss does not like him, but he believes that Lucille was passed over because she is really a poor worker. His attribution of the cause of the event can be explained in terms of

• A)the fundamental attribution error.
• B)the actor-observer effect.
• C)a self-fulfilling prophecy.
• D)cognitive dissonance.
• E)stereotyping.

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Definitions:

Typical Firm

A typical firm refers to an average or representative entity in an industry characterized by the industry's common practices, production processes, and competitive strategies.

Consumer Surplus

The amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Monopolistically Competitive Price

Refers to the price level set by firms in a monopolistically competitive market, where many firms sell products that are differentiated from one another and not perfect substitutes.

Price Increases

A rise in the cost of goods or services, often measured by the rate of inflation.