The Term "Cognitive Dissonance" Refers to

question 191

Multiple Choice

The term "cognitive dissonance" refers to

• A) any change in one's attitudes.
• B) an inconsistency between one's attitudes and behavior.
• C) doing the same thing one says one will do.
• D) forming attitudes that are in agreement with the facts.

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Definitions:

Before Trade

Refers to the economic conditions and market structures that exist in a country or region prior to engaging in international trade.

Consumption

Consumption is the action or process of using goods and services to satisfy needs or wants, representing a primary concept in economics related to consumer behavior.

Absolute Advantage

Situation in which Country 1 has an advantage over Country 2 in producing a good because the cost of producing the good in 1 is lower than the cost of producing it in 2.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another entity, leading to potential gains from trade.