Lucienna was just promoted to be the CEO of a large, international, shipping plant. Although her coworkers believe the decision to promote her was based on Lucienna’s outgoing personality, in reality the decision to promote her was heavily influenced on current business conditions dictating a need for someone with a strong marketing background, which Lucienna has. Based on this information, Lucienna’s coworkers are making the in regards to Lucienna’s promotion.

A. projection bias
B. perceptual defense error
C. fundamental attribution error
D. halo effect
E. self-serving bias

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.