If People Do Not Have All Three Types of Information

question 147

Multiple Choice

If people do not have all three types of information necessary (according to the covariation model) , what do people do in order to make attributions?

• A) They ignore the information they already have and rely totally on schemas.
• B) They use the information they have and rely on opinions of others for the rest.
• C) They use the information they have and make inferences about missing information.
• D) They ignore the information they have and rely on judgmental heuristics.

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Definitions:

Government Activity

Actions and operations undertaken by the government to fulfill its various roles, such as providing public services, regulating industries, and ensuring economic stability.

Redistribution Income

The transfer of income and wealth from some individuals to others through a social mechanism such as taxation, charity, welfare, public services, or land reform.

Rent-seeking Activity

Actions by individuals or firms to increase their own wealth without creating new wealth or value for society.

Taxing

The act of imposing charges on individuals or entities by the government in order to finance public spending and services.