Which of the Following Is Not a Likely Consequence of the Human

question 29

Multiple Choice

Which of the following is not a likely consequence of the human tendency to prefer self-justifying information to accurate information?

• A) People maintain their level of self-esteem.
• B) People become less likely to learn from their experiences.
• C) People may make faulty decisions about future behavior.
• D) People gain feedback that makes for better decisions.

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Definitions:

Poor Technology

The state of having outdated or inefficient technological resources or capabilities.

Efficient Market

A market in which profit opportunities are eliminated almost instantaneously.

Production Inefficiencies

Occur when goods and services are not produced in the least costly way, often due to waste or misallocation of resources.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs, highlighting the trade-offs in production choices.