Jacob Is Taking His Economics Final Exam

question 81

Multiple Choice

Jacob is taking his economics final exam.  He answers question #31 with "D" but isn't sure about it.  After answering all the other questions, he goes back to 31 and starts to believe that perhaps "C" was the right answer.  He decides to stick with "D," most likely because of ____.

• A)downward counterfactual thinking
• B)upward counterfactual thinking
• C)debiasing
• D)the first instinct fallacy

Comprehend the relationship between person perception and general perception processes.

Analyze how perceptual selection influences personal and professional judgments.

Understand the implications of perceptual errors on human resource management.

Explore the role of impression management in personal and professional settings.

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Definitions:

Labor Militancy

The adoption of confrontational strategies by workers and labor unions, typically involving strikes or protests, to achieve their demands.

Unprecedented

Something that is without previous instance; never before known or experienced; unparalleled.

Sit-Down Strikes

A form of civil disobedience where workers occupy the workplace but refuse to work, aiming to halt production and draw attention to their demands.