Suppose That There Are Two Winners for the Nobel Prize

question 137

Multiple Choice

Suppose that there are two winners for the Nobel Prize in Economics this year, and suppose that one of them is a professor at your university while the other is a professor somewhere else. Research suggests that you will tend to ____.

• A) judge the winner from your university more positively
• B) judge the winner from the other university more positively
• C) judge the winner from your university more positively-but only if you have extremely high self-esteem
• D) judge the winner from your university more positively-but only if you have extremely low self-esteem

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Definitions:

Capital Balances

The amounts recorded in the equity section of a company's balance sheet for the owners' or shareholders' investments.

Partners' Equity

The total value of capital contributed by partners and the accumulated profits of a partnership firm, minus any withdrawals.

Investment Error

Mistakes made in the process of investing capital, which can range from calculation errors to misunderstanding an investment's risks.

Capital Balance

The Capital Balance represents the amount of money that owners have invested in a business minus any withdrawals. It indicates the financial stake of the owners in the business.