Nigel Often Cites Newspaper Editorials Favouring the Presidential Candidate He

question 15

Multiple Choice

Nigel often cites newspaper editorials favouring the presidential candidate he supports; he appears to ignore editorials critical of the candidate.Nigel appears prone to

• A) functional fixedness.
• B) mental set.
• C) confirmation bias.
• D) the representativeness heuristic.

---

Definitions:

Marginal Revenue Product

Marginal revenue product is the additional revenue generated from the use of one more unit of a variable input, holding other inputs constant.

Productive

The ability to produce a substantial amount of goods or services, or doing so efficiently.

Wage Differentials

Wage differentials are the variations in wage rates due to the differences in occupation, industry, geographic location, or within a company, among other factors.

College Graduates

People who have finished their studies and earned a degree from a higher education institution.