Which of the Following Statements Is True of Categorization

question 43

Multiple Choice

Which of the following statements is true of categorization?

• A)It is inconsequential in decision making.
• B)It makes processing of information inefficient.
• C)It helps people keep track of what they are thinking about.
• D)It creates confusion while making decisions.

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Definitions:

Loanable Funds

The funds available in the financial markets for lending and borrowing.

Equilibrium Quantity

The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market's equilibrium price.

Social Insurance

Programs designed to provide protection against economic risks (such as unemployment, disability, or old age) largely based on contributions that reflect a person's earnings.

Loanable Funds

The pool of money available for borrowing in the financial markets, governed by interest rates, which balance the supply of savers and the demand by borrowers.