Suppose That a Quiz Show Host Asks a Contestant Which

question 38

Multiple Choice

Suppose that a quiz show host asks a contestant which city in France has the greater population, Paris or Nantes. The contestant immediately responds, "Paris." According to the discussion of decision making,

• A) this is an example of an illusory correlation.
• B) people usually have difficulty in answering questions that use the anchoring and adjustment heuristic.
• C) this is a variant of the representativeness heuristic.
• D) this is an example of the recognition heuristic.

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Definitions:

Banking Systems

Systems comprising institutions and protocols that enable financial transactions, savings, and investments across individuals and businesses.

Quota

A fixed, limited amount or number of something, such as goods or people.

Imported Merchandise

Goods or products that are brought into one country from another, subject to regulations and taxes by the importing country.

Competition

The rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.