The Self-Fulfilling Prophecy Occurs When

question 14

Multiple Choice

The self-fulfilling prophecy occurs when:

• A) the cause of behavior is either internal or external.
• B) your expectations affect your success or failure.
• C) you self-examine conscious thoughts and feelings.
• D) you observe others' behavior and do not know the reason for it.

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Definitions:

Short-Run Profits

Profits earned by a firm in a period where at least one factor of production is fixed.

Perfectly Competitive

Refers to a market structure where many firms sell an identical product, and no single firm can influence the market price due to its small market share.

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for a business.

Short Run

A period in economics during which some factors of production are fixed, making it impossible to change the level of output quickly.