The Olive Branch Petition<span>, 1775. The </span>Olive Branch Petition<span>, drafted on July 5, 1775, was a letter to King George III, from members of the Second Continental Congress, which represents the last attempt by the moderate party in North America to avoid a war of </span>independence<span> against Britain.</span>
The correct answer is the actor-observer bias.
The actor-observer bias (AOB) refers to the phenomenon where we attribute our own behavior to external factors beyond our personal control, while attributing others' behavior to factors internal to them, and fully within their control. In this instance, Tom believes that he is unable to stop gambling due to the negative influence of his friends (an external factor beyond his control), while believing that Barnaby is unable to stop gambling because he is addicted to it (a factor internal to Barnaby). Thus, Tom is demonstrating the actor-observer bias
1. Traditional - most traditional type of economy, and throughout the world many economies function this way. The areas with these economies are usually rural areas, or third world areas that are heavily dependent on farming. In this system, a surplus is rare, each member’s role is specific, and societies are closer knit along with more satisfied, although there is a lack of things such as technology and medicine that is more advanced.
2. Command - A big part of a command economy is controlled by power that is centralized such as the central government. A command system is the core of a communist economic system. The government is involved in most things big and small, along with owning most of the industries. most command economic systems tend to focus on things that are more valuable such as oil rather than jobs and other goods.
3. Market - economy is the free market have firms and households that act in their own self interest rather than in the interest of others. In a command economy the government keeps the profits while in a free market economy the forms and households keep their own profits. in a pure market economy there is no government intervention however none of this exists in the world. in this type of economy the central government in the market are completely separate so the government does not become too powerful.
4. Mixed - when different types of economies are combined this is called a mixed economy. this is usually a cross between a market economy and a command economy. in this type of economy the market is more or less free of government ownership except the government does own a few key things like transportation industries. sometimes in these economy as the government does regulate private businesses this is to use the best of both worlds to incorporate policies that are both socialist and capitalist to create a fair balance of both. most countries throughout the world have a mixed economic system.
