Answer:
The given situation is an example of : <u>Empathy</u>
Explanation:
Empathy, an emotional state, can be described as the ability of an individual to understand the emotional or the mental state of another individual.
It can also be described as the ability of an individual to feel and express the emotions of the other person, from their frame of reference. It involves caring and having a desire for helping the person.
Therefore, the given situation is an example of <u>Empathy.</u>
Explanation:
After the crash, Hoover announced that the economy was fundamentally sound. On the last day of trading in 1929, the New York Stock Exchange held its annual wild and lavish party, complete with confetti, musicians, and illegal alcohol. The U.S. Department of Labor predicted that 1930 would be A splendid employment year. These sentiments were not as baseless as they may seem in hindsight. Historically, markets cycled up and down, and periods of growth were often followed by downturns that corrected themselves. But this time, there was no market correction; rather, the abrupt shock of the crash was followed by an even more devastating depression. Investors, along with the general public, withdrew their money from banks by the thousands, fearing the banks would go under. The more people pulled out their money in bank runs, the closer the banks came to insolvency.
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Answer:
True
Explanation:
<u>Price system in economics, is component of the economic system which uses the prices that are expressed in any form of the money for valuation and the distribution of the goods and the services and factors of the production.</u> All modern societies use the price systems to allocate the resources except for the possible remote and the primitive communities.
Price system can be either the fixed price system in which the prices are administered by the government organization, or it may be the free price system where the prices are determined by the supply and the demand uninhibited by the regulations.
