The Tendency to Search for Information That Supports One's Preconceived

question 24

Multiple Choice

The tendency to search for information that supports one's preconceived beliefs and to ignore information that contradicts those beliefs is known as ________.

• A)confirmation bias
• B)loss aversion
• C)the bandwagon effect
• D)overconfidence
• E)unrealistic optimism

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Definitions:

Public Infrastructure

Physical and organizational facilities and structures needed for the operation of a society or enterprise, such as roads, bridges, and water supply.

Private Investment

The expenditure by private (non-government) firms on capital goods, such as equipment, buildings, and inventory investments.

Tax System

The legal framework and methods by which a government collects money from individuals and businesses to fund public services and infrastructure.

Economic Growth

A rise in the economy's production of goods and services across a certain timeframe, usually assessed using GDP.