The Tendency to Attribute One's Successes to Internal Factors but One's

question 190

Multiple Choice

The tendency to attribute one's successes to internal factors but one's failures to external attributions is called the

• A)the ultimate attribution error.
• B)self-serving bias.
• C)social referencing effect.
• D)upward social comparative bias.

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Definitions:

Economic Efficiency

A state in which resources are allocated in a way that maximizes the total benefit received by society from those resources.

Consumer Surplus

The divergence between the price consumers are willing to pay and what they really spend on a good or service.

Floor Price

The minimum price set by regulation, often by the government, below which a commodity cannot legally be sold in the market.

Market Supply

The total amount of a specific good or service that is available to consumers in a market at a given time and price.