Your Perception Is That You Are Lousy at Math,so You

question 49

Multiple Choice

Your perception is that you are lousy at math,so you don't really study,and then your test results confirm your perception.You may be engaging in

• A) selective exposure.
• B) self-reflexive communication.
• C) a self-fulfilling prophecy.
• D) social comparison.

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Definitions:

Consumer Equilibrium

A state where an individual has allocated their income in a way that maximizes their utility, given the prices of goods and services and their preferences.

Indifference Curves

Graphical representations in microeconomics that show different bundles of goods between which a consumer is indifferent.

Maximize Utility

The process of allocating resources to obtain the highest possible satisfaction or utility.

Consumer Equilibrium

A state in which consumers are maximizing their satisfaction, with no incentive to alter their allocation of expenses across goods or services.