Which of the Terms Below Describes the Tendency for an Observer

question 10

Multiple Choice

Which of the terms below describes the tendency for an observer to overestimate the role of personal, internal factors in affecting behavior and to underestimate the influence of situational factors?

• A) anecdotal error
• B) attribution error
• C) the fundamental attribution error
• D) the overestimating bias
• E) none of the above

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Definitions:

Market

A Market is any structured system where economic transactions between buyers and sellers take place, including physical locations or virtual spaces.

Demand Curve

A visual depiction showing how the quantity of a product demanded is related to its price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price, holding all else constant.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers over a range of prices.