A Child Who Believes That Her Grades at School Depend

question 91

Multiple Choice

A child who believes that her grades at school depend on luck, fate, or whether her teachers "like her"

• A) is likely to be a high achiever and get good grades
• B) could be described as an internalizer
• C) could be described as an externalizer
• D) is likely to be a high achiever and get good grades and could be described as an internalizer
• E) is likely to be a high achiever and get good grades and could be described as an externalizer

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices, holding all else constant.

Cost Function

An equation that calculates the total cost incurred by a company to produce a specific quantity of a good or service.

Long-run Equilibrium

A market condition where all factors of production and inputs can be varied, allowing firms to enter or exit the market, ultimately resulting in no economic profit for any firm.

Demand

The amount of a product or service that buyers are ready and able to buy at different price levels over a certain timeframe.