Answer the following statement true (T) or false (F)
1) Hardwired heuristics make it easy to change behavior by simply presenting people with better
information.
2) Heuristics can be exploited to lead people to positive outcomes.
3) Between System 1 and System 2 in the brain, System 1 makes most of the decisions.
4) System 1 is the part of the brain that carefully weighs the benefits and costs when making
decisions.
1) F
2) T
3) T
4) F
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Refer to Table 12-3. What price (P) will Arnie charge and how much profit will he earn if the market price of basketballs is $12.50?
A) Price and profit cannot be determined from the information given. B) P = $12.50; profit = $22.50 C) P = $12.50; profit = $52.50 D) P = $20; profit = $75.00.
When General Dwight D. Eisenhower ran for the presidency for the first time, he said he would
A. end the recession and end inflation. B. end the recession and end the Korean War. C. end inflation and end the Korean War. D. end the recession, the Korean War, and inflation.
Discuss the rationales for foreign financing of investment in developing actions and explain how developing countries benefit from international capital investment
What will be an ideal response?
Jones can brew 10 gallons of lager or 5 gallons of stout every three months, or any linear combination in between. Which statement below is true?
A) It costs Jones 5 gallons of stout for every 10 gallons of lager brewed. B) It costs Jones 1 gallon of stout for every 2 gallons of lager brewed. C) It costs Jones 1/2 gallon of stout for every 1 gallon of lager brewed. D) All of the above are true.