Cheng and Holyoak's (1985) Modification of the Selection Task Suggests

question 5

Multiple Choice

Cheng and Holyoak's (1985) modification of the selection task suggests that success depends on:

• A)The content of the problem
• B)The form of the problem
• C)Philosophical training
• D)Having a high IQ
• E)Personality type

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Definitions:

Surplus

The situation where the quantity supplied of a product exceeds the quantity demanded at a given price.

Negative Externality

An economic situation where a third party is negatively affected by the actions of others, typically not reflected in the cost of those actions, such as pollution.

Common-Resource Problem

A dilemma in the management of resources that are available to all but are susceptible to overuse and depletion because they are not excludable.

Nontoll Roads

Public roads that can be used without paying a fee, financed by taxes rather than direct user charges.