Rotter Argues That People Differ in Their Locus of Control,by

question 96

Multiple Choice

Rotter argues that people differ in their locus of control,by which he means:

• A) the degree to which they understand their circumstances
• B) their preference for reinforcement techniques
• C) the extent to which they believe their own efforts will lead to good outcomes
• D) the extent to which they devalue their personal expectancies

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Definitions:

Domestic Investment

The total amount of money invested in the resources within a country's borders, including but not limited to businesses, infrastructure, and technology.

Open-Economy Macroeconomic Model

A framework used to analyze economies that engage in international trade of goods, services, and financial assets.

Tariff

A tax levied on imported and, less commonly, exported goods, used to regulate trade by increasing the price of foreign products to encourage or protect domestic industry.

Real Exchange Rate

The rate at which a person can trade goods and services of one country for those of another, adjusted for inflation.