The ________ Bias Leads Decision-Makers to Try to Protect What

question 18

Multiple Choice

The ________ bias leads decision-makers to try to protect what they have,even when an objective evaluation of their circumstances suggests that a change would be beneficial.

• A) egocentric
• B) choice-supportive
• C) time-saving
• D) status quo
• E) outcome

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Definitions:

Bacteria

Microscopic, single-celled organisms found in diverse environments, some of which can cause diseases while others are beneficial for processes such as fermentation or digestion.

Viruses

Microscopic infectious agents that can reproduce only inside the living cells of an organism and are capable of causing diseases.

Production Possibilities Curve

A graphical representation that shows the maximum possible output combinations of two products that can be produced with available resources and technology.

Economic Wants

Desires that can be satisfied through the consumption of goods and services, reflecting the unlimited and varying needs and wishes of consumers.