Steve Is Trying to Determine Whether It Will Rain This

question 24

Multiple Choice

Steve is trying to determine whether it will rain this Saturday.He quickly remembers that it has rained the past three Saturdays.If he uses this information to make his decision,he will be using the __________ heuristic.

• A) framing
• B) insight
• C) representativeness
• D) availability

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Definitions:

Domestic Quantity

Refers to the total amount of a good or service produced within a country's borders, irrespective of the production entity's nationality.

Demanded

Describes the quantity of a good or service that consumers are willing and able to purchase at a given price at a specific time.

U.S. Tariff

Taxes imposed by the United States on imported goods to protect domestic industries and generate revenue.

Steel

A hard, strong alloy made primarily of iron and carbon, used extensively in construction and manufacturing.