The Fundamental Attribution Error Refers to Our Tendency to Underestimate

question 13

Multiple Choice

The fundamental attribution error refers to our tendency to underestimate the impact of ________ and to overestimate the impact of ________ in explaining the behavior of others.

• A) normative influences; informational influences
• B) informational influences; normative influences
• C) personal dispositions; situational influences
• D) situational influences; personal dispositions

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Definitions:

Free Market Equilibrium

A state in an economy where supply meets demand naturally without intervention, and prices are determined by free market forces.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in a market.

Consumers Gain

The benefit or surplus that consumers receive from purchasing goods and services at a price lower than their maximum willingness to pay.

Own Price Elasticity

The responsiveness of the quantity demanded of a good to a change in its own price.