All of the Following Statements Are Example of Heuristic Arguments

question 90

Multiple Choice

All of the following statements are example of heuristic arguments EXCEPT:

• A) We should trust and believe people we like.
• B)Confident speakers know what they are talking about.
• C)Something that is scarce is also valuable.
• D)Competent speakers know what they are talking about.
• E)The quality of an item correlates with its price.

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Definitions:

Microeconomist

An economist focused on the behavior of individuals and firms in making decisions regarding the allocation of scarce resources.

Microeconomist

A specialist in microeconomics, which deals with the economic behavior of individuals, households, and firms, and how decisions are made on the allocation of resources.

Macroeconomist

An economist who specializes in macroeconomics, studying aggregated indicators and the behavior of the economy as a whole, including inflation, unemployment, and economic growth.

Normative Statement

A statement that reflects an opinion, value judgment, or what ought to be, rather than what is empirically verifiable.