According to Robert Sternberg, ________Is Best Described as "Street Smarts

question 62

Multiple Choice

According to Robert Sternberg, ________is best described as "street smarts," or the ability to use information to get along in life. People who have it are self-aware, know how to manipulate situations to their advantage, and know how to use inside information to increase their odds of success.

• A) analytical intelligence
• B) creative intelligence
• C) practical intelligence
• D) naturalistic intelligence
• E) none of these

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Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing the additional gain beyond the normal profit level.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production rather than earning income elsewhere.

Accounting Profits

The net income reported on the financial statements of a company, calculated as total revenues minus explicit costs and depreciation.

Industry Supply

The total quantity of a specific good or service that all firms in an industry are willing to sell at a given price level.