Science is justified through heuristic models.
Answer the following statement true (T) or false (F)
False
Heuristic models can be entertaining, but they don't necessarily help people learn new things in a scientific sense. The mere fact that a conclusion seems to follow logically from an anecdote does not mean that conclusion is true.
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To stimulate investment spending, Congress would most likely decrease
a. personal income taxes. b. capital gains taxes. c. property taxes. d. real interest rates.
Which of the following does not describe a characteristic of short-term economic fluctuations?
A. The unemployment rate rises during recessions. B. Expansions and recessions are felt throughout the economy. C. Durable-goods industries are less sensitive to short-term fluctuations than service and non-durable industries. D. Expansions and recessions are irregular in length and severity.
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.
In 2013, Medicaid spending (net of CHIPs) per patient was on average
A. $938. B. around $7,000. C. $4,211. D. $1,652.