Which of the Following Statements About Locus of Control Is

question 35

Multiple Choice

Which of the following statements about locus of control is true?

• A) Personal ability and effort are externally generated.
• B) The outcome of effort and luck are less predictable.
• C) Personal ability and task difficulty are more unstable.
• D) Stability refers to an individual's ability to control events.

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Definitions:

Total Utility

The total satisfaction received from consuming a certain amount of goods or services.

Marginal Rate of Substitution

The rate at which a consumer is willing to give up one good in exchange for another good, while keeping overall utility constant.

Substitution Effect

A shift in consumer behavior as a result of alterations in the comparative costs of products, resulting in the replacement of one product for another.

Indifference Curves

Graphical representations in economics showing different combinations of two goods that give a consumer equal satisfaction and utility, thus marking consumer preferences.