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One Example of a Microeconomic Question Is, "How Will Prices

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One example of a microeconomic question is, "How will prices in the clothing industry change if the government bans imports from China?"

Discuss the errors in judgment that can arise from the misapplication of specific heuristics.
Explore the relationship between affect and decision-making through the affect heuristic.
Analyze the role of System-2 thinking in promoting informed, reasoned, and thoughtful problem-solving.
Understand the concept of power differential heuristic and its implications on authority and decision-making.

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