The tendency of hard-core Republicans to believe that all of the economic developments under the Obama presidency have been detrimental to the nation illustrates the:
A. Confirmation bias
B. Framing effect
C. Overconfidence effect
D. Availability heuristic
A. Confirmation bias
Economics
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What are private property rights? Does enforcement of property rights promote economic growth and prosperity?
What will be an ideal response?
Economics
Refer to Table 21.1. If Martha's income doubled to $220,000 while the incomes of the other four residents did not change, what would happen to the original median income on Richlandia?
A) It would increase by $22,000. B) It would increase by $44,000. C) It would double. D) It would not change.
Economics