Answer:
The answer is a. low self-efficacy.
Explanation:
According to Bandura, self-efficacy explains how well a person thinks he can perform a task.
Self-efficacy is linked to social cognitive theory, which implies that our behaviours and reactions are a result of social observation and interactions. This means that a person with low self-efficay is likely to see a challenge as something that can't be overcomed.
Answer:
The correct answer is: overstate
Explanation:
The substitution bias in economic index numbers appears when the possibility of a consumer to change the consumption of a good - that has become more expensive relative to others - for a cheaper one, is ignored. Thus, looking at the CPI (Consumer Price Index), as an indicator of how much the consumer cost of living has raised over time, without eliminating the substitution bias, can over-estimate this inflation effect.
This could have a variety of impacts that this situation could have on the local market. Firstly, the introduction of a Chinese company would mean that there would more competition for the American solar power company which would then have to contend with the Chinese company for sales. They would then be in a race to bring the most affordable options to the consumers as well as new advances in the technology or greater service. This would mean that the consumers would benefit greatly from this situation as they would be getting better products and service for an affordable cost.
Also, both companies could have a working arrangement where they act as an oligopoly and dominate the solar power industry in that particular market. Although, more companies brings more competition, when there aren't a multiplicity of competitors, there is always the danger that the few businesses will band together and operate as one entity where they set specific prices, standards of service and technological advances introduced. They would only superficially be competing with each other. In this arrangement, the consumers would endure the same standard as having one entity dominating the market.
Another scenario would be where the American solar power company makes a superior product and as such would promote their products to the market as 'higher end' which would ensure they have a core and stable consumer base.
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