The Actor-Observer Bias Leads Us as Actors to Make _____

question 97

Multiple Choice

The actor-observer bias leads us as actors to make _____ attributions and as observers to make _____ attributions.

• A) situational; dispositional
• B) dispositional; situational
• C) negative; positive
• D) positive; negative

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Definitions:

Price Effect

Describes how changes in prices impact the quantity supplied and demanded in a market.

Downward-Sloping Demand

A market condition reflected in a demand curve where the quantity demanded of a good decreases as the price of that good increases, and vice versa.

Total Surplus

The sum of consumer and producer surplus; a measure of the overall benefit to society from a market transaction.

Perfectly Price-Discriminated

A pricing strategy situation where a seller charges the maximum possible price for each unit consumed that consumers are willing to pay, thereby capturing all potential consumer surplus.