"Offshoring" Refers to

question 4

Multiple Choice

"Offshoring" refers to

• A) importing goods, services, and resources.
• B) stashing money in offshore accounts for the purpose of avoiding taxes.
• C) shifting work overseas that was previously done domestically.
• D) exporting key resources.

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Definitions:

False Consensus

The belief that one's own opinions, beliefs, or behaviors are more common in the general population than they actually are.

External Attribution

The method of assigning the reason for one's own or other people's actions to external elements or circumstances.

Illusory Correlation

The tendency to perceive a connection between variables, typically events or behaviors, where no such relationship exists.

First Instinct Fallacy

The misconception that an individual's initial answer or gut reaction is always the correct choice, especially in the context of test-taking or decision-making.