With Respect to the "Linda" Problem in the Textbook, People

question 59

Multiple Choice

With respect to the "Linda" problem in the textbook, people judge that it is more likely that Linda is a bank teller and active in the feminist movement because they _____ and misuse the _____.

• A) use the conjunction rule; representativeness heuristic
• B) commit the conjunction fallacy; availability heuristic
• C) use the conjunction rule; availability heuristic
• D) commit the conjunction fallacy; representativeness heuristic

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Definitions:

Trade

The act of buying, selling, or exchanging goods and services between people or entities within or across borders.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than its competitors.

Televisions

Electronic devices designed for the reception and display of audiovisual content transmitted over airwaves or through cable systems.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, enabling more efficient trade.