Our Use of the Availability Heuristic Highlights a Basic Principle

question 113

Multiple Choice

Our use of the availability heuristic highlights a basic principle of social thinking. This principle is:

• A) people are slow to deduce particular instances from a general truth.
• B) people are slow to infer general truth from a vivid instance.
• C) people are quick to deduce particular instances from a general truth.
• D) people are very accurate to explain the vivid instances based on general truth.

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Definitions:

Positive

Refers to statements or assertions that are objective and based on factual evidence, often used in the context of affirming information in sciences and economics.

Microeconomics

The part of economics concerned with (1) decision making by individual units such as a household, a firm, or an industry and (2) individual markets, specific goods and services, and product and resource prices.

Economic Units

Entities such as individuals, households, and firms that make decisions about the allocation of resources and the consumption of goods and services.

Economic System

The organized way a society allocates its resources and apportions goods and services in the national community.