When People Must Choose Between Two Alternatives, and They Recognize

question 239

Multiple Choice

When people must choose between two alternatives, and they recognize one alternative but not the other, they often infer that the alternative they recognize has the higher value. This decision-making heuristic is called the _____ heuristic.

• A)representativeness
• B)recognition
• C)framing
• D)conjunction

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Definitions:

Equitable Income Distribution

The goal of achieving a more fair and just allocation of income among all members of society, reducing income inequalities.

Efficiency

The optimal use of resources to achieve the desired output with minimum waste or expense.

Economic Role

The function or position a person, company, or thing occupies within an economic system, contributing to the system's overall operation.

Federal Level

Pertaining to the national government, as opposed to state, local, or municipal levels of governance.