Which of the Following Statements About Attitudes Is True

question 64

Multiple Choice

Which of the following statements about attitudes is true?

• A)We are consciously aware of all of our attitudes.
• B)Attitudes cannot be changed after they have been formed.
• C)Attitudes are generally a result of learning and experience,but may also be a result of innate personality traits.
• D)All attitudes are equally strong.

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is distributed to meet the desires of consumers.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, typically measured as the area above the supply curve and below the market price.