Balancing the Budget

question 37

Multiple Choice

Balancing the budget

• A)every year could easily be achieved.
• B)every year would require an amendment to the constitution.
• C)every year could not be done even if we tried.
• D)over the business cycle is much too difficulty to even attempt.

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Definitions:

Representativeness Heuristic

A cognitive shortcut that involves making judgments based on how much one thing resembles another.

Creating Subgoals

The strategy of breaking down a goal into smaller, more manageable tasks or objectives that are easier to achieve step by step.

Using Algorithms

The practice of applying a step-by-step procedure or formula for solving problems or performing tasks.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.