According to Myers,to Avoid Being Fooled by the Hindsight Bias

question 7

Multiple Choice

According to Myers,to avoid being fooled by the hindsight bias,

• A)you should guard against the tendency to ask questions that assume your preconceptions are correct.
• B)you should beware of the tendency to see relationships you expect to see.
• C)you should realize that it can lead you to feel overconfident.
• D)you should beware of the tendency to see relationships that are supported by striking examples readily available in your memory.

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Definitions:

Merchandise Trade Balance

The difference between the value of merchandise exports and the value of merchandise imports.

Services Trade Balance

The difference in value between a country's exported and imported services, indicating whether a country is a net exporter or importer of services.

Trade Balance

The difference between a country's exports and imports of goods and services.

Colonial Power

A country that establishes control over foreign territories to exploit them economically, politically, and culturally.