Which of the Following Is Most Likely to Be Implemented

question 58

Multiple Choice

Which of the following is most likely to be implemented by a country as a part of deregulation?

• A)Prohibition of private enterprises from operating in certain sectors
• B)Commitment toward communism
• C)Removal of price controls
• D)Centrally planned economic system
• E)Increased restrictions on foreign direct investment

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Definitions:

Availability

The ease with which a particular piece of information can be recalled from memory, often influenced by recent experience or emotional impact.

Representativeness Heuristics

A mental shortcut used to judge the probability of an event by its similarity to a prototype or stereotype.

System II

refers to the deliberative, analytical and slower thinking process in dual-process theories of cognition.

Induction

A reasoning process that involves making generalizations based on specific observations or instances.