The Fundamental Attribution Error

question 24

Multiple Choice

The fundamental attribution error

• A) Over attributes a behavior to a situation, rather than a cause within a person
• B) Over attributes a behavior to luck rather than effort
• C) Over attributes a behavior to a cause within a person, rather than the situation.
• D) None of the above are true

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Definitions:

Long-Run Supply

A period sufficient for all inputs to production, including capital, to be varied, allowing for adjustments to changes in demand or technology.

Average Total Cost

The total cost of production divided by the total quantity produced, representing the per-unit cost of production.

Long-Run Equilibrium

A state in which all factors of production and economic variables are in balance, with no external pressures forcing change.

Demand Decreases

A situation where the quantity of a product or service that consumers are willing to buy at a given price drops, often due to changes in preferences, income, or substitutes.