When You Don't Have Much Relevant Information on Which to Make

question 91

Multiple Choice

When you don't have much relevant information on which to make a decision you are likely to rely on the _____ heuristic.

• A)representative
• B)recognition
• C)algorithm
• D)availability

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Definitions:

Goods Surplus

A situation in which the quantity of goods supplied exceeds the quantity demanded at a given price, often leading to price reductions.

Goods Exports

The process of exporting goods that are made within a country to different countries for the purposes of selling or trading.

Goods Imports

The purchase of physical products from other countries to bring into one's own country.