According to Daniel Gilbert,we Typically Use Two Steps in Making

question 141

Multiple Choice

According to Daniel Gilbert,we typically use two steps in making attributions.The first step involves ____,and the second step involves ____.

• A)anchoring on the situation; adjusting for the person
• B)forming an internal attribution; seeking out distinctiveness information
• C)seeking consistency information; seeking distinctiveness information
• D)forming an internal attribution; adjusting for the situation

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Definitions:

Competitive Markets

Market structures characterized by a large number of buyers and sellers, where no single participant has the power to significantly influence prices.

Long-Run Supply Curve

A graphical representation showing the quantities of a good a supplier is willing to produce and sell at different prices over a long period, without fixed inputs.

Constant Returns

A situation where increasing the amount of inputs in the production process proportionally increases the output, implying a linear relationship between inputs and outputs.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production increases.