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.
The correct answer would be : Earned Income
Basically , all the money you earn by working is called an earned income whether you obtain it by working for somebody or run your own business. All income from your earned income are subjects to taxable income and wages
The pyramids show how technologically advanced the Egyptians were compared to many other civilizations at the time. The pyramids were an incredible accomplishments considering the fact that everything was made by hand and using human labor.
The states and global economies are connected in such a way that both are interdependent on each other.
<h3>What is the significance of a global economy?</h3>
A global economy is a phenomenon that tells about the conditions of the economy of the entire world at large, and does not take into account the economies of only an individual nation.
The individual states however, have become socially as well as politically interdependent on the global economies and vice versa.
Hence, the significance of global economy is aforementioned.
Learn more about a global economy here:
brainly.com/question/1311866
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