Answer:
What do the two scenarios have in common?
<em>Both explain how to purchase insurance and cover the costs of premiums.</em>
<em>Both describe what happens when consumers fail to pay their premiums on time.</em>
Explanation:
The scenario in question was about the need to have adequate premium through purchase as well as what would happen in a situation whereby someone fails to pay his or her premium on time.
Low crop prices hurt farmers, but there were other factors at work. Farm families had to pay high prices for farm machinery through the 1920s. Also, rates to haul grain were much higher than they had been before the war. Many rural areas had built new schools and put gravel on country roads when times were good.
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Answer: B. Two or more individuals who share a set of norms, values or belief and have a certain implicitly or explicitly defined relationships to one another such that their behavior is interdependent.
Explanation: A group is simply composed of more than one person, and as such members of a group have something in common, it could be a behavior, attitude, like or anything which is common to all members of the group. A group usually possess a relationship pattern which may be lucid or very obvious and sometimes may not be known to others people outside their group that is they exhibit a a sort of positive correlation and as such members of the group exhibit a mutual dependence on one another.
The field of behavioral economics examines the influence of cognitive biases and attribution errors on people's economic decision making.
<span>behavioral economics is a psychological approach that analyzes how a person's behavior could influence their economic decision.
People with a cognitive bias that belief that killing animal is a murder for example, will be unlikely to buy animal product, such as beef, fur coat, etc</span>