A President Is Managing a War That Is Not Going

Multiple Choice

A president is managing a war that is not going well.Nevertheless,he refuses to withdraw troops,arguing that doing so would waste the billions of dollars spent and thousands of lives lost fighting the war.The president's line of reasoning illustrates:

A) base-rate ignorance.
B) the sunk-cost fallacy.
C) the conjunction fallacy.
D) the principle of diminishing returns.