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eduard
3 years ago
8

When Lonnie and Burt were married, their friends were unsure of whether the marriage would last or end in divorce. However, afte

r the two divorced, many of their friends commented to each other about how certain they had been that things would not work out from the beginning. This is an example of the ___________?
Social Studies
1 answer:
jek_recluse [69]3 years ago
6 0

Answer: Hindsight bias

Explanation:

Hindsight bias  is the bias in which people tend to over-emphasize their ability of prediction about any situations outcome that could not have easily been predicted. They tend to show that they knew about the outcome all along

According to the question ,hindsight bias  is shown through case where friends were unsure that marriage of Loonie and Burt would last and when they actually got divorced, friends were overestimating their skill that this outcome prediction from the beginning.

 

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Reducing supply of labor would make the existing laborers become more lucrative, rare and valued. This would resulted in an increase of workers' wages.,

Increasing demand for labor can be done by improving the members' skills through courses or seminar. By having additional skills, the members can be eligible to harder and more rare job opportunities. This usually correlate with higher wages


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