Answer:
The Compromise effect
Explanation:
Heuristic is a modelling that explains the two fundamental ways of processing information while making up an opinion.
Data and information can be processed diligently in order to form an opinion which is a more accurate way than the other type known as heuristics .This explains that opinions can also be formed based on just a mere perception of issues or based on the opinion of other people or experts , which in most cases may not give a true representation of the situation at hand.
However , it forms a part of human daily activities and can also be useful in forming the required opinions in the course of daily activities.
One of the effect as seen in the question is bias attitudes or the compromise effect.
Almost positive the answer would be <span>concept that people may decide what agreements they want to enter into</span>
Answer:
1
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
In a perfect monopoly, there is only one firm operating in the industry
In a monopolistic competition, differentiated products are sold
In an oligopoly, there are few large firms
Answer:
The market value of all final goods and services produced by resources owned by citizens of a particular country in a given year gross GDP
GDP adjusted to base year prices <em>real GDP</em>
GDP divided by population GDP per capita
GDP adjusted for differences in the cost of living in different countries
<em>GDP power purchase parity</em>
the market value of all final goods and services produced by resources located in a particular country in a given year <em>gross national product GNP</em>
<em></em>
Explanation:
We are mathcing the definition with the term so it is self-explanatory
Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.
Explanation:
- people will pay for the snowboards is $129.99.
- Ski Market is convinced that it needs a 45%
- The most that Ski Market can pay to its supplier for the snowboard is
- =
×45 - =$ 58.5
- =129.99 ±58.5
- = $71.49
- Therefore, Ski Market can pay to its supplier for the snowboards is $71.49.
