Punjit Works at a Button-Sorting Factory

question 66

Multiple Choice

Punjit works at a button-sorting factory.He feels bad that he can sort only twenty buttons a minute,when the average worker can sort thirty.To feel better about himself,Punjit compares his performance with Brant,who can sort only ten buttons a minute.This is an example of ____.

• A) downward social comparison
• B) unrealistic optimism
• C) the actor-observer effect
• D) the fundamental attribution error

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Definitions:

Normative Analysis

A type of analysis concerned with what ought to be, focusing on value judgments and statements of what is good or bad.

Socially Desirable

Actions or policies that are beneficial for society as a whole, often considering long-term benefits over short-term gains.

Producer Surplus

The difference between the amount that producers are willing to sell a good for and the actual amount received by them after selling it.

Price Floor

A government-imposed minimum price charged for a product, above which market transactions may legally occur.