When Asked to Guess Whether Mark Is from Montana or California

question 45

Multiple Choice

When asked to guess whether Mark is from Montana or California, you guess California because more people live in California. You have used __________ in making your decision.

• A) the representativeness heuristic
• B) base rate information
• C) the availability heuristic
• D) counterfactual thinking

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Definitions:

Homeless

Individuals or families lacking stable and permanent housing.

Reciprocal Trade Agreements Act

A 1934 U.S. law that allowed the president to negotiate tariff reductions with other countries to promote international trade.

American Tariffs

Taxes imposed by the United States on imported goods to protect domestic industries and generate revenue.

Economic Diversification

The process of expanding an economy to include a wider array of industries and services to reduce dependence on any single economic sector.