Data for the United States Suggests That About How Many

question 2

Multiple Choice

Data for the United States suggests that about how many millionaires inherited their fortunes?

• A)one in seven
• B)one in five
• C)one in three
• D)one in two

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Definitions:

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have foreseen or predicted the outcome, often referred to as the "I-knew-it-all-along" effect.

Memory Reconstruction

The process by which memories are not simply played back but actively reconstructed based on available information, perceptions, and experiences.

Retroactive Interference

A memory phenomenon where new information makes it harder to recall information learned earlier.

Proactive Interference

The phenomenon where old memories hold back an individual from retaining new memories.