A Rule of Thumb Strategy That Enables Quick,efficient Judgments Is

question 143

Multiple Choice

A rule of thumb strategy that enables quick,efficient judgments is called

• A)the confirmation bias.
• B)the overconfidence phenomenon.
• C)an implicit attitude.
• D)a heuristic.

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Definitions:

Investment

The purchase or construction of any new plant, equipment, or residential housing, or the accumulation of inventory; represented by I.

National Income

The total income earned by a country's population, including wages, profits, and rent, and the sum of all incomes earned by individuals and businesses.

Corporate Profits

The earnings generated by companies after covering their operational costs, taxes, and expenditures.

Proprietors' Income

The income earned by owners of unincorporated businesses, reflecting their production and sales efforts.