Functional Fixedness and Mental Sets Are Similar in That They

question 68

Multiple Choice

Functional fixedness and mental sets are similar in that they are both:

• A) errors that are produced by the availability heuristic.
• B) examples of inductive reasoning.
• C) consistent with the predictions of the linguistic relativity hypothesis.
• D) mental phenomena that interfere with problem solving.

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Definitions:

Capitalist Economy

A Capitalist Economy is an economic system where private individuals and businesses own the means of production and operate for profit, with minimal government intervention.

Financial Risk

The possibility of losing money on an investment or business venture.

Command Systems

Economic systems in which a centralized authority, typically the government, makes all decisions regarding the production and distribution of goods and services.

Market Systems

The network of buyers, sellers, and other actors that come together to trade in a given product or service, governed by supply and demand.