In Sweden,where the Government Controls Two-Thirds of All Expenditures,resource Allocation

question 6

True/False

In Sweden,where the government controls two-thirds of all expenditures,resource allocation is more "market" oriented than "command" oriented.

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Definitions:

Fundamental Attribution Error

The tendency to overestimate the influence of personal characteristics and underestimate the influence of situational factors in explaining others' behavior.

Illusory Correlation

A cognitive bias wherein people falsely perceive an association between two events or situations.

Heuristic Overbias

The tendency to over-rely on heuristic approaches when making decisions, often at the expense of more accurate or rational methods.

Self-serving Attribution

A common bias where individuals attribute their successes to internal or personal factors and their failures to external or situational factors.