Which of the Following Is an Example of a Shortcut

question 45

Multiple Choice

Which of the following is an example of a shortcut used in judging others?

• A) hindsight bias
• B) confirmation bias
• C) stereotyping
• D) framing effect
• E) availability bias

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Definitions:

Savings

The portion of income not spent on consumption of goods and services but kept aside, usually in deposit accounts or investments.

Disposable Income

The fiscal capacity for households to commit to spending and saving following income taxation.

Savings

The portion of income not spent on consumption but kept aside for future use, often in a bank or other financial instruments.

Liquid Assets

Refers to assets that can be quickly and easily converted into cash without significant loss in value.