Answer:
<em>The correct option is C) The United States needed new markets for its goods. </em>
Explanation:
As the industrial revolution began in the 18th century, it became one of the major reasons for economic success of the United States. Rapid industrialization helped the people of United States to produce more goods. As a result, they started to look for new markets where there products could be sold. This increase in business raised the economic success of the people of United States.
Answer:
The correct answer is option B.
Explanation:
Suppose the price of music downloads decrease, this will lead to an increase in the quantity demanded of music downloads. This will be indicated by a downward movement on the same demand curve. This is because price and quantity demanded are inversely related.
An increase in the price, on the other hand, would have led to a decline in the quantity demanded indicated by an upward movement on the same demand curve.
The hindsight bias is often referred to as the "I-knew-it-all-along phenomenon." It involves the tendency people have to assume that they knew the outcome of an event after the outcome has already been determined
