When There Are No Objective Criteria and We Feel Uncertain,with

question 117

Multiple Choice

When there are no objective criteria and we feel uncertain,with whom are we most likely to compare ourselves? According to research by Daniel Gilbert and his colleagues (1995) ,our initial impulse is to compare ourselves to

• A)anyone who happens to be available as a standard of comparison.
• B)those who are similar to us on the relevant dimension.
• C)those who are different from us on the relevant dimension. d those who are slightly better than we are on the relevant dimension.

---

Definitions:

Budget Surplus

A financial situation where a government's income exceeds its expenditures over a given period.

Long-Run Growth

The sustained upward trajectory in the economy's output over time, reflecting long-term increases in productivity and capacity.

Closed Economy

A closed economy is one that does not engage in international trade of goods and services, nor does it allow for capital flows from abroad.

Households Or Invested

The concept of how households either consume goods and services for their own use or allocate savings into investments.