Frank Missed an Important Deadline at Work

question 51

Multiple Choice

Frank missed an important deadline at work.His boss, George, thinks to himself, "Frank missed that deadline because he is lazy; I really need to crack down on him more." George has made which of the following kinds of attributions about Frank's behavior?

• A)External
• B)Internal
• C)Horizontal
• D)Vertical
• E)Skewed

---

Definitions:

Substitution Effect

The alteration in how goods are consumed as a result of shifts in relative prices, while maintaining the same level of satisfaction for the consumer.

Giffen Good

A product that sees an increase in demand as its price rises, contrary to the law of demand, typically due to the absence of close substitutes and the product being an inferior good.

Perfect Complements

Goods that are consumed together in fixed proportions, where the utility of one item increases with the consumption of the other.

Income Effect

The change in consumption that results from a change in real income (purchasing power), holding prices constant, reflecting how higher income increases consumption of goods while lower income reduces it.