Our Judgments Regarding the Reasons for the Actions of Others

question 202

Multiple Choice

Our judgments regarding the reasons for the actions of others are based on

• A) our attributions of the behavior.
• B) whether we consider the behavior acceptable or not.
• C) the consistency of our own behavior.
• D) the attributions of a majority of our peers.

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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.