Answer:
D. Microeconomics is concerned with the fair and equitable distribution of resources among consumers.
Explanation:
Microeconomics is concerned with the study of how households and firms make decisions and how they interact in the market, it studies the behaviour of individuals and firms regarding decisions of how scarce resources are allocated. It is not concerned with the fair and equitable distribution of resources among consumers.
Answer: The base-rate fallacy
Explanation: The base rate fallacy also refered to as base rate bias is the tendency of an individual to erroneously predict the likely outcome of a situation by over looking all relevant data that was supposed to be taken into account. It is the preference of individuating information over relevant data. Stephon over looked the statistical data that his chance of making it into the NBA is low and prefer to go with the individuating information about how his friend's brother receives a lucrative contract to play for the NBA. This situation best illustrates base-rate fallacy.
Answer:
A. The French empire
Explanation:
A is the correct answer as after the battle of Saratoga France decided to officially support causes of Patriots by sending their troops, goods and resources.
Russia and US had not conflict whatsoever at the time.
Option C can also be seen as correct as Spain and Britain had certain conflicts in West Indies at the time.
