Suppose a Social Activist Collecting Information on the Level of Air

question 35

Multiple Choice

Suppose a social activist collecting information on the level of air pollutants in sparsely populated regions concludes that pollution levels are positively related to population.Since her sample set is restricted only to sparsely populated regions her outcome would be erroneous due to:

• A)recognition heuristic.
• B)availability heuristic.
• C)representative heuristic.
• D)selection bias.

---

Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a specified period.

Agricultural Economist

A professional specializing in the study and application of economic principles within the agricultural sector, focusing on maximizing efficiency and productivity.

Corn Prices

The cost at which corn is bought or sold, which can fluctuate based on factors like supply, demand, and market conditions.

Supply and Demand Curves

Graphical representations used in economics to show the relationship between the quantity of a good that producers wish to sell at various prices and the quantity that consumers wish to buy.