In General, People Do Not Like to Suffer, Work Hard

question 149

Multiple Choice

In general, people do not like to suffer, work hard, or make sacrifices. If and when they do these things, they want to feel that their efforts were worthwhile. Thus, even when people's efforts do not actually seem to have paid off, people will nonetheless try to convince themselves that they suffered for a good reason. This tendency is known as ____. ​

• A)effort justification
• B)attitude polarization ​
• C)a self-fulfilling prophecy ​
• D)the false consensus effect ​

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Definitions:

Surplus

An excess of income or assets over expenditure in a given period, often referring to a government's budget.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific period.

Quantity Demanded

The amount of a good or service consumers are willing and able to buy at a specific price level, ceteris paribus.

Equilibrium Price

The price level where the supply of goods meets the demand for those goods.