If Slade Is Exhibiting the Self-Serving Bias, Which Would Be

question 119

Multiple Choice

If Slade is exhibiting the self-serving bias, which would be his MOST likely explanation for a poor grade on a test?

• A)"The professor doesn't know how to teach the material."
• B)"I'm just not very good at this subject."
• C)"I didn't study enough to get a good grade."
• D)"In general, I'm not very smart."

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Definitions:

Demand Schedule

A table that shows the quantity of a good or service that consumers wish to buy at each price level.

Output

The quantity of goods or services produced by a firm, industry, or economy in a given period.

X-inefficiency

X-inefficiency occurs when a firm produces outputs at higher costs than is necessary, often due to a lack of competitive pressure or motivation.

Economies of Scale

Reductions in the average cost of production as the volume of production increases.