Attitudes Are Learned and Two Major Influences Include

question 120

Multiple Choice

Attitudes are learned and two major influences include:

• A)repeated behavior and affect
• B)direct experience and social learning
• C)cognitive dissonance and negative affectivity
• D)random behavior modeling and unconscious motivation

Understand the practices and outcomes of sharing positive experiences.

Understand the implications of changes in the price level on production profitability and the resulting adjustments in employment and output.

Identify how shifts in aggregate demand and aggregate supply affect the price level and real GDP in the short run.

Distinguish between the short-run and long-run aggregate supply curves and their reactions to changes in the expected price level.

---

Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choice.

Variable Conversion Cost

Costs that change with the level of production output, including elements like direct labor and utility expenses related to manufacturing.

Direct Material

Raw materials that are directly traceable to the manufacturing of a specific product and constitute a significant portion of the production costs.

Seasonal Product

A type of product whose demand and availability significantly depend on the season or time of the year.