Answer:
Asymmetric information
Explanation:
The above case is a case of asymmetric information in the market. The person reading the newspaper have more information about the property. Whereas the person who would sell his ranch to Mr. Smith is the person not reading the news paper and not having any information.
Asymmetric information is also called information failure because one party in economic transaction has more information than the other.
Life course theory (LCT) is an emerging interdisciplinary hypothesis that seeks to understand the numerous factors that shape people's lives from birth to death, putting individual and family development in cultural and historical context.
What are the 5 key visions of life course theory?
Life course theory has five separate principles: (a) time and place; (b) life-span development; (c) timing; (d) agency; and (e) linked lives. We used these regulations to examine and explain high-risk pregnancy, its premature conclusion, and following mothering of medically fragile preterm infants.
As a result of this idea, the life-course theory performs closely with developmental approaches to reinforce explanations of crime circumstances.
To learn more about life course theory visit the link
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Is lost over time when there is no attempt to retain it.
<u>The correct answer is</u>
The Sun itself is hotter (more fusion) in June than in December.
The Earth is closer to the Sun in June than in December
