When We Are Eager to Seek Information That Verifies Our

question 66

Multiple Choice

When we are eager to seek information that verifies our beliefs but less inclined to seek evidence that might disprove our beliefs,the _____ occurs.

• A)hindsight bias
• B)confirmation bias
• C)self-fulfilling prophecy
• D)fundamental attribution error

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Definitions:

Down Payment

An upfront payment made when purchasing an expensive item or property on credit, representing a percentage of the total purchase price.

Housing Prices

The monetary values assigned to homes and apartments in the real estate market, influenced by factors such as location, demand, and economic conditions.

Low-interest Rate Policy

A monetary policy approach where central banks set lower interest rates to stimulate economic growth by encouraging borrowing and investment.

Fixed-rate

Refers to an interest rate that remains constant over the duration of the loan, bond, mortgage, or other financial instrument.