In One Day, Brandon Can Either Plow 10 Acres or Plant

question 196

Multiple Choice

In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Brandon and Christopher can

• A) gain from exchange if Brandon specializes in planting and Christopher specializes in plowing.
• B) gain from exchange if Brandon specializes in plowing and Christopher specializes in planting.
• C) exchange, but only Brandon will gain from the exchange.
• D) exchange, but only Christopher will gain from the exchange.

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Definitions:

Self-serving Bias

A common tendency for individuals to attribute their successes to personal factors while attributing their failures to external factors.

Factor Analysis

A statistical technique that determines hidden variables or factors responsible for the correlation pattern among a group of observed variables.

Trait

A stable characteristic or quality that describes a person's typical thoughts, feelings, and behaviors.

Social-cognitive

Pertains to the branch of psychology that examines the influence of social contexts and cognitive processes on individuals' behaviors and perceptions.