You and a Friend Are Watching a Ballgame

question 121

Multiple Choice

You and a friend are watching a ballgame. The batter misses. You believe this is because the sun is setting and probably cast a glare in his eyes. Your friend believes this is because the batter lacks talent. You made a _____ attribution and your friend made a(n) _____ attribution.

• A) circumstantial; personal
• B) situational; dispositional
• C) realistic; biased
• D) correct; incorrect

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Definitions:

Markets

Markets are arenas in which buyers and sellers come together to exchange goods, services, or financial instruments at determined prices.

Equilibrium

A situation in the market where demand matches supply, resulting in steady prices.

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good and the amount that suppliers are willing and able to sell in the market.

Decrease

A reduction in quantity, size, or intensity.