Which of the Following Is True

question 16

Multiple Choice

Which of the following is true?

• A) Depressed people tend to be more accurate than nondepressed people with respect to evaluating their abilities.
• B) Research on the self-serving bias suggests that most of us view our abilities and talents through rose-colored glasses.
• C) According to the principle of the self-serving bias, we have a tendency to attribute our negative outcomes to internal causes (e.g., our traits or characteristics) but to attribute our positive outcomes to external causes.
• D) If people see an internal reason (e.g., reward or punishment) for their behavior, they may view the behavior as controlled by the external reason (i.e., the reward or punishment) rather than see it as extrinsically appealing.

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Definitions:

Surpluses

Occurs when the quantity of a good or service supplied exceeds the quantity demanded at a given price.

Binding Price Floor

A minimum price set by the government above the equilibrium price, leading to a surplus of goods or services in the market.

Supply And Demand

A model that explains how the interaction between product availability and consumers' desire determines the price of goods and services.

Subsidies

Financial support extended by the government to economic sectors, businesses, or individuals, aimed at promoting certain activities or reducing the prices of products.