What Term Is Used for the Tendency of an Individual

question 19

Multiple Choice

What term is used for the tendency of an individual to attribute his own successes to internal factors while putting the blame for failures on external factors?

• A) fundamental attribution error
• B) self-serving bias
• C) consistency
• D) selective perception
• E) stereotyping

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Definitions:

Real GDP

The calculation of a nation's economic production, corrected for changes in prices due to inflation or deflation, to accurately represent the actual worth of the produced goods and services.

Economic Prosperity

A state of economic health in a country, characterized by a strong economy, low unemployment, and high levels of consumer spending.

Physical Capital

Assets used in the production of goods and services that are tangible, such as machinery, buildings, and equipment.

Human Capital

The economic value of the skills, knowledge, and experiences possessed by an individual or population.