Rachel Believes Strongly That Her Alternative to a Problem Is

question 33

Multiple Choice

Rachel believes strongly that her alternative to a problem is the best solution. When lobbying for her solution with the team, she focuses only on aspects of the evaluation document consistent with her claims. What is Rachel demonstrating?

• A)confirmation bias
• B)representativeness bias
• C)illusion of control
• D)production blocking
• E)devil's advocacy

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Definitions:

Quota Limit

A government-imposed trade restriction limiting the number or value of goods that can be imported or exported during a specified time frame.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price is charged for a product, with the aim of ensuring affordability by limiting how much prices can increase.

Quota Rent

The economic rent received by the holder of a production or import quota, which can be realized by selling the product at a higher price than the world price due to the quota limitation.

Taxi Medallion

A licensure medallion required for a taxi to operate legally in many cities, often representing a significant cost for taxi drivers and companies.