Buyer's Remorse,in Which One Makes a Purchase and Then Regrets

question 85

Multiple Choice

Buyer's remorse,in which one makes a purchase and then regrets doing so,is an example of ________.

• A) anchoring
• B) hindsight bias
• C) self-serving bias
• D) fundamental attribution error
• E) cognitive dissonance

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Definitions:

European Union

A political and economic union of 27 member states that are located primarily in Europe, aiming to ensure peace, stability, and economic cooperation among its members.

World Trade

The exchange of goods and services across international borders, encompassing the import and export transactions between countries.

Agricultural Products

Products obtained from agriculture and farming, such as animals, crops, and other unprocessed materials.

Political Logrolling

A practice in politics where two or more members agree to vote for each other's proposed bills or policies, often regardless of their individual merits, to achieve their respective objectives.