People Seek and Remember Evidence That Supports Their Existing Hypotheses;

question 104

Multiple Choice

People seek and remember evidence that supports their existing hypotheses; they ignore or discount contradictory evidence. In other words, people are prone to the:

• A)representativeness heuristic.
• B)framing effect.
• C)confirmation bias.
• D)availability heuristic.

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Definitions:

China

A country located in East Asia, known for being the most populous nation in the world and having one of the largest economies globally.

Imbalance of Trade

A situation where the value of a country's imports and exports is not equal, leading to a trade surplus or deficit.

Exceeded

means to go beyond an established limit or surpass a certain standard or level.

Lower

In economic terms, it refers to a decrease in value, price, rate, or level of a given variable or entity.