Wall Street bosses who believed that the huge profits of their firms prior to the financial crisis that started in 2007 was their personal accomplishment, and that the financial crisis was due to overregulation by government illustrates the:
A. Confirmation bias
B. Framing effect
C. Hindsight bias
D. Self-serving bias
D. Self-serving bias
You might also like to view...
An argument in favor of price discrimination is that this pricing strategy permits some consumers who otherwise would be excluded from a market to buy a good or service
a. True b. False Indicate whether the statement is true or false
The ratio of a bank's total reserves to its total transactions deposits is known as the
A. Reserve ratio. B. Deposit ratio. C. Excess reserves. D. Required reserves.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
Dividends
A. must be paid annually. B. are set by the Securities and Exchange commission. C. are guaranteed. D. are a return on the money risked on a share of stock.