Long-Term Interest Rates Are ________ Than Short-Term Because Long-Term Loans

question 186

Multiple Choice

Long-term interest rates are ________ than short-term because long-term loans are ________ than short-term loans.

• A) higher; riskier
• B) higher; safer
• C) lower; safer
• D) lower; riskier

Distinguish between valid and sound arguments.

Understand the concept of warranted arguments and when an argument is considered worthy of acceptance.

Comprehend the progression from coincidence to correlation to causal explanations.

Recognize the impact of statistical analysis in evaluating arguments and making generalizations.

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Definitions:

Self-Serving Bias

The tendency to attribute one’s successes to personal factors and one’s failures to situational factors.

Fundamental Bias

An inherent inclination or prejudice that consistently affects judgement or decision-making.

Interpersonal Factors

Elements pertaining to relationships or interactions between individuals that can influence behavior, emotions, and personal development.

Internal Attribution

The process of assigning the cause of behavior to something within the individual, such as their personality, disposition, or attitude.