Jayson Accidentally Bumped into a Guy as He Was Walking

question 25

Multiple Choice

Jayson accidentally bumped into a guy as he was walking down the street. He anticipates that the fellow will assume the "bump" was purposeful and will react aggressively. Jayson is exhibiting the ____ bias.

• A) hostile attribution
• B) hostile perception
• C) hostile expectation
• D) indirect expectation

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Definitions:

Elastic Demand

refers to a situation where the quantity demanded of a good or service is highly responsive to changes in its price.

Excess Burden

The economic loss to society due to market inefficiencies, often associated with taxes or other government policies that distort market behavior beyond the revenue raised or spending undertaken.

Net Worth

The difference between the total assets and total liabilities of an individual, company, or entity.

Liabilities

Financial obligations or debts that a business or individual owes to others.