Author Question: When people use a recognition heuristic, they often get answers right because the correct answer is ... (Read 28 times)

Zulu123 · **on:** Jun 30, 2018

When people use a recognition heuristic, they often get answers right because the correct answer is usually the one they are familiar with while the incorrect answer is the one which is unfamiliar to them.
Indicate whether the statement is true or false

Question 2

The _____ effect indicates that an individual's income can buy more of all goods when the price of one good declines, everything else held constant.
a. scale
b. endowment
c. substitution
d. price
e. income