Which of the Following Statements Is Not True About Cost

question 17

Multiple Choice

Which of the following statements is not true about cost differences between urban and suburban areas?

• A) People in "central business district" in cities typically pay higher taxes
• B) People in suburbs often pay less in transportation costs
• C) People in suburban areas typically pay higher taxes
• D) The less affluent seek housing away from the city to avoid high taxes
• E) none of these choices is correct

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Definitions:

Representation Bias

The tendency to lean towards or give undue weight to information that is more representative or typical, while ignoring statistical realities.

Framing Error

A cognitive bias in decision-making where the outcome is influenced by how information is presented, rather than just the facts themselves.

Confirmation Error

A cognitive bias that involves focusing on information that confirms pre-existing beliefs or hypotheses while ignoring evidence that contradicts them.

Confirmation Error

A cognitive bias that involves focusing on information that confirms one’s preconceptions and ignoring information that contradicts them.