The Tendency to Assume That If an Item Is Similar

question 102

Multiple Choice

The tendency to assume that if an item is similar to members of a particular category, it is probably a member of that category itself, is known as the

• A) Stroop effect.
• B) base-rate effect.
• C) representativeness heuristic.
• D) availability heuristic.

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Definitions:

Commodities

Goods or services that are traded, often in bulk, on a financial market.

Specific Intent

A legal term indicating that an individual acted with a particular purpose or desire to achieve a specific result, often crucial in determining criminal liability for certain offenses.

Dangerous Probability

A legal standard used to assess the likelihood that a particular action will cause harm or violate a law.

Monopoly Power

The ability of a single entity or company to control a significant portion of the market for a particular good or service, allowing it to set prices and limit competition.