Which of the Following Is a Characteristic of People with an External

question 21

Multiple Choice

Which of the following is a characteristic of people with an external locus of control?

• A) They enjoy greater mental and physical health than those who are high in internal control.
• B) They see little value in exerting any effort to change or improve their situation.
• C) Their behavior is independent of the internal cues.
• D) They report lower anxiety,higher elf-esteem,and greater happiness because of their accepting nature.

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Definitions:

Marginal Cost Curves

Graphs that depict the cost of producing one additional unit of a good or service, typically showing how costs vary with production volume.

Short-run

A time frame in which at least one factor of production is fixed, limiting adjustments to production levels.

Economic Profits

The difference between a firm's total revenues and its total economic costs, where economic costs include both explicit and implicit costs.

Perfectly Competitive

In a perfectly competitive market, there are many buyers and sellers, the products are homogenous, and no single entity can influence the market price.