Our Experiences Can Be a Valuable Guide to the Truth

question 27

Multiple Choice

Our experiences can be a valuable guide to the truth, but drawing firm conclusions from experience can be affected by our tendencies to ignore events that don't support our beliefs. That is, we sometimes

• A)use the availability heuristic
• B)have a confirmation bias
• C)decide on the truth on the basis of logic rather than direct experience
• D)rely too much on introspection

Recognize factors that contribute to the productivity of labor.

Comprehend the impact of skill enhancement and technology on the standard of living.

Identify the link between productivity and real wages of workers.

Analyze the impact of competition among employers on wage levels.

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Definitions:

Alkaloid

A class of naturally occurring organic compounds that mostly contain basic nitrogen atoms, often found in plants and possessing pharmacological effects.

Tobacco

A plant whose leaves are dried and fermented before being used in various ways, such as smoking, chewing, or sniffing, often containing nicotine, an addictive substance.

Fight-Or-Flight Response

Physiological changes in the human body that occur in response to a perceived threat, including the secretion of glucose, endorphins, and hormones as well as the elevation of heart rate, metabolism, blood pressure, breathing, and muscle tension.

Physiological Effects

The changes in the normal functioning of the body resulting from various factors, such as disease, substances, or environmental conditions.