The Availability Heuristic Is Based on Which Assumption?​

question 55

Multiple Choice

The availability heuristic is based on which assumption?​

• A)If most people believe something, then it is probably true.
• B)​If you can easily think of examples of an event, it must be a common event.
• C)​If one brand of a product is the most expensive, it is probably of high quality.
• D)​If a man is much taller than average, he probably plays basketball.

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Definitions:

M2

A measure of the money supply that includes all elements of M1 (cash and checking deposits) plus savings deposits, money market mutual funds, and other time deposits.

M1

A segment of the money supply encompassing all tangible currency, such as bills and coins, in addition to demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.

Credit Cards

Credit cards are payment cards issued to users to enable the cardholder to pay a merchant for goods and services, based on the cardholder's promise to the card issuer to pay them for the amounts plus other agreed charges.

Checkable Deposits

Bank account balances that can be drawn upon by writing a check or using a debit card, functioning as money for everyday transactions.