Outcome Expectations Are

question 34

Multiple Choice

Outcome expectations are

• A) the same as self-efficacy.
• B) beliefs about how much effort is required to achieve a desirable outcome.
• C) beliefs about what will happen if a behavior is performed.
• D) not important in Bandura's theory.

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Definitions:

Comparative Advantage

An economic principle stating that countries or entities gain and benefit from trade when they specialize in producing goods for which they have a lower opportunity cost than their trading partners.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive in the market.

Consumer Surplus

The gap between the price consumers are ready to offer for a good or service and the effective amount they spend on it.