Attorney Planter, and orater
According to the principle of comparative advantage Charles Woodson plays defensive back rather than receiver for the Green Bay Packers because his advantage as a defensive back exceeds his advantage as a receiver.
Option: B
Explanation:
The theory of comparative advantage depicts how a country can produce more goods instead of utilizing less services. In this way advantage of produced goods will be more in comparison with utilized services. When the profit margin exceeds used cost ratio it establish comparative advantage theory.
It is mainly effective in international trade and commerce where many goods are being imported and exported and taxes are collected on the basis of profit margin. Richardo establishes the theory of comparative advantage.
Answer:
TRUE
Explanation:
Anchoring and adjustment heuristic was first developed by two Psychologists, named Amos Tversky and Daniel Kahneman. According to Anchoring and adjustment heuristic, as theorized by Amos Tversky and Kahneman, for an individual to make intuitive judgment and decisions, they tend to initially rely on information suggested by a reference or information that comes to mind first, this is referred to as “the anchor”. “The anchor” is the reference or starting point. And as time goes on, the individual would be exposed to additional information upon which adjustment is made until a satisfactory estimate is made.
The anchoring and adjustment heuristic is what Becky demonstrated as illustrated in the question above.
Samuel Adams and Joseph Warren
