Credit card companies' practice of providing you with a "minimum payment" on your monthly bill likely influences payments to the companies' advantage. This influence occurs (at least in part) due to:

a) the availability heuristic.
b) illusory correlation.
c) representativeness heuristic.
d) anchoring and adjustment.

Answer: d

Psychology

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The process by which sensory information is converted into a form

that can be useful to the brain's memory system is called a. sensation. b. encoding. c. information processing. d. transduction. e. perception.

Psychology

According to Piaget, in which stage, between ages two and seven, does children's use of symbolic thinking grow, mental reasoning emerge, and use of concepts increase?

a) Concrete operational b) Preoperational c) Abstract operational d) Symbolic functioning

Psychology