Marisa Is Trying to Decide Between Two Computers That Are

question 299

Multiple Choice

Marisa is trying to decide between two computers that are advertised at the same price.Both computers are the same in most respects; however,computer A has a 2.5 GHz processor and 2 G of RAM,while computer B has a slower 2.0 GHz processor but 4 G of RAM.Because Marisa thinks that the speed of the processor matters more than the amount of RAM,she decides to buy computer A.In this case,Marisa has made her decision using

• A) elimination by aspects.
• B) a weighted decision strategy.
• C) an analytic decision strategy.
• D) the representativeness heuristic.

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Definitions:

Phillips Curve

An economic theory describing an inverse relationship between rates of unemployment and corresponding rates of inflation, indicating trade-offs between policy objectives.

Short-run

A period in economics where at least one input is fixed and cannot be changed.

Oil Embargoes

Economic measures imposing restrictions on the export of oil from one country to another, often used as a geopolitical tool or sanction.

Phillips Curve

A concept in economics illustrating the inverse relationship between the rate of unemployment and the rate of inflation in an economy over time.