The Tendency to Attribute Personal Success to Personal Factors (Skill,ability,or

question 90

Multiple Choice

The tendency to attribute personal success to personal factors (skill,ability,or effort) and to attribute failure to factors outside oneself is known as the:

• A)assumed-similarity bias.
• B)halo effect.
• C)self-serving bias.
• D)fundamental attribution error.

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Definitions:

Consumer Surplus

The imbalance between the total budget consumers are willing to allocate for a product or service and the actual spending.

Consumer Surplus

The separation between the ideal amount consumers are willing to spend on a service or product and their real expenditures.

Producer Surplus

The discrepancy between what producers are ready to take for a product or service and the real amount they get.

Tax

A required contribution or another kind of monetary levy imposed by a government body on a taxpayer to underpin government expenditure and different public spending initiatives.