Suppose a social activist collecting information on the level of air pollutants in sparsely populated regions concludes that pollution levels are positively related to population. Since her sample set is restricted only to sparsely populated regions her outcome would be erroneous due to:
a. recognition heuristic.
b. availability heuristic.
c. representative heuristic.
d. selection bias.
D
You might also like to view...
Refer to Figure 15-13. From the monopoly graph above, identify the area representing the deadweight loss
Would the deadweight loss be larger if the demand curve was more elastic or less elastic? What will be an ideal response?
The primary differences in economic structure among different countries relate to ownership of resources and the manner in which economic activities are coordinated
a. True b. False
At the point where a fair price is set,
a. price = average total cost (ATC) b. price = marginal cost c. price = marginal revenue d. price = total cost e. price = total revenue
Firms report that their workers are working no overtime. The government reports that the unemployment rate is 13.5%. In this situation, the multiplier is likely to be
A. negative. B. zero. C. large. D. small.