According to U

question 32

Multiple Choice

According to U.S.Census Bureau data from 2010,the top 5 percent of Americans had family incomes above __________,whereas the bottom 20 percent had earnings under __________.

• A)$180,000;$21,000
• B)$200,000;$21,000
• C)$220,000;$16,000
• D)$240,000;$16,000

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Definitions:

Thinking

The process of considering or reasoning about something.

Decision Trap

A situation in decision-making where biases, poor information, or pressure leads to a significant or systematic error.

Framing Error

A cognitive bias in decision-making that occurs when information is presented in a way that influences an individual's interpretation or decision.

Escalation Of Commitment

This refers to the phenomenon where individuals or organizations continue to invest time, money, or resources into a failing course of action due to the substantial resources already invested, rather than altering or abandoning the course.