Answer: The base-rate fallacy
Explanation: The base rate fallacy also refered to as base rate bias is the tendency of an individual to erroneously predict the likely outcome of a situation by over looking all relevant data that was supposed to be taken into account. It is the preference of individuating information over relevant data. Stephon over looked the statistical data that his chance of making it into the NBA is low and prefer to go with the individuating information about how his friend's brother receives a lucrative contract to play for the NBA. This situation best illustrates base-rate fallacy.
It's B, Federal Open Market Committee (FOMC)
FOMC makes decisions about the growth of the money supply and the level of interest rates.
Over the next ten years, the world population will grow. Experts expect that there will be more older people in the population rather than younger one.
Increases in a population's or a dispersed group's membership are referred to as population growth. Around 83 million people, or 1.1% of the world's population, are added every year. From 1 billion people in 1800 to 7.9 billion in 2020, the world's population has increased.
There are currently 703 million individuals who are 65 or older, and by 2050, that figure is expected to increase to 1.5 billion. The UN DESA Population Division's most recent population estimates and predictions indicate that by 2050, 1 in 6 of the world's population, up from 1 in 11 in 2019, will be over 65.
To learn more about population, refer
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Democracy works best in a state where the citizens are active & educated
a. active & educated
<u>Explanation:</u>
Democracy is a kind and a form of government where people have the right to choose their representative. The authority of choosing the right candidate lies in the hand of crores of people who must be active and educated.
If they are not interested in doing so then there is a waste of conducting the election. If they are not educated, then how would they choose the representative wisely? They would not be able to know what would be the best decision for the nation.
Only the smart and educated population can take wise steps in any democracy. This is very important for every nation to grow. This is what makes a nation more developed.