The Tendency to Place the Primary Responsibility for One's Success

question 111

Short Answer

The tendency to place the primary responsibility for one's success or failure either within oneself (internally)or on outside forces (externally)is called the ______________________ (three words).

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Definitions:

Budget Line

A graphical representation showing the combination of goods a consumer can purchase with a given income.

Money Income

The total amount of monetary earnings received by an individual or household in a specific period, including wages, salaries, and other forms of income.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, helping to illustrate preferences and the concept of utility.

Budget Line

A visual depiction of every combination of two items that can be bought within a specified budget at constant prices.