According to the World Economic Forum's Global Competitiveness Ranking,the Top

question 18

Multiple Choice

According to the World Economic Forum's global competitiveness ranking,the top three countries in 2011-2012 were

• A) China,India,and Ireland.
• B) Switzerland,Singapore,and Sweden.
• C) the U.S.,Canada,and Australia.
• D) Ireland,Iceland,and Sweden.
• E) China,Singapore,and Japan.

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Definitions:

Heuristic Thinking

A cognitive process that simplifies decision making by using practical methods or experiential rules of thumb, often at the cost of accuracy or thoroughness.

Elimination by Aspect Heuristic

A decision-making process where alternatives are discarded by systematically evaluating them against a set of criteria.

Error

A mistake or discrepancy caused by a failure in judgment, incorrect reasoning, or an oversight.

Judgment

The capacity to make well-considered choices or come to reasonable conclusions.