Match the Act on the Left to Its Meaning on the Right

question 40

Multiple Choice

Match the Act on the left to its meaning on the right.
-Privacy Act of 1974

• A)"I'd like to look at the court records of Joe Smith."
• B)"I was denied credit! I demand to see the report."
• C)students can access and request changes to erroneous educational records
• D)federal agencies must provide your information to you
• E)video stores cannot give out customer rental records
• F)easier for FBI to collect information about individuals
• G)parents must give consent if an Internet-based business wishes to collect data from
• children under 13 years of age

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Definitions:

Heuristics

Mental shortcuts or "rules of thumb" that simplify decision-making processes, often used when facing complex problems or incomplete information.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Net Benefits

The total benefits of some activity or policy less the total costs of that activity or policy.

Neoclassical Models

Economic models that emphasize rationality, individual optimization, and equilibrium, focusing on how market mechanisms allocate resources efficiently.