When does the confirmation bias occur? a. when an individual only researches information that is consistent with personal beliefs. b. when an individual only makes a decision after all perspectives have been evaluated. c. when an individual becomes more confident in one’s judgments after researching alternative perspectives. d. when an individual believes that the odds of an event occurring increase if the event hasn’t occurred recently. select the best answer from the choices provided a b c d

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.