On the First Day of Class,we See a Middle-Aged Man

question 29

Multiple Choice

On the first day of class,we see a middle-aged man in the front of the room talking to a younger man.If we assume the older man is a professor and the younger man is a student,we are relying on _____.

• A)the overconfidence phenomenon
• B)the representativeness heuristic
• C)belief perseverance
• D)the misinformation effect

---

Definitions:

Pollution Reduction

Pollution reduction refers to strategies and activities aimed at decreasing the amount of pollutants released into the environment.

Government Caps

Limits or regulations imposed by government on prices, rents, or quantities that can be charged or supplied in certain markets.

Marginal Social Benefit

The additional benefit to society as a whole from the consumption or production of one more unit of a good or service.

Pollution Emission

The release of pollutants into the environment, often as a byproduct of industrial processes or vehicle operation.