_____ Refer(s)to a System That Ranks Nations Quantitatively According to a Weighted

question 13

Multiple Choice

_____ refer(s) to a system that ranks nations quantitatively according to a weighted index of 12 assessed pillars.

• A)Index of Economic Freedom
• B)Global Entrepreneurship Monitor
• C)Doing Business Index
• D)The World Bank Doing Business Reports
• E)Global Competitiveness Index

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Definitions:

Belief Perseverance

The psychological phenomena wherein individuals maintain their beliefs despite facing contradicting evidence or facts.

Representativeness Heuristic

The representativeness heuristic is a mental shortcut that involves judging the likelihood of an event by comparing it to an existing prototype in our minds.

Belief Perseverance

The tendency to maintain one's belief even in the face of contradictory evidence.

Overconfidence Phenomenon

A cognitive bias where a person's subjective confidence in their judgments is reliably greater than their objective accuracy.