The Fundamental Attribution Error Refers to the Strong and Automatic

question 249

True/False

The fundamental attribution error refers to the strong and automatic tendency to attribute the behavior of other people to internal, personal characteristics while ignoring or underestimating the effects of external, situational factors.

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Definitions:

Production Possibility Frontier

A diagram demonstrating all possible maximal production outcomes for two commodities, subject to a combination of resources and various factors.

Bowed In

Describes a curve that is concave towards the origin, indicating increased efficiency or utility in some economics models.

Capital

Represents resources like funds, equipment, and properties used in the production of goods and services, contributing to the wealth of businesses or economies.

Comparative Advantage

is the ability of an individual or country to produce a good or service at a lower opportunity cost than competitors.