Her comment is best on the hindsight bias. This type of bias
is known as the knew-it-all-along by which the after the event has occurred,
the person was able to determine and see the events or the individual were able
to predict the event that had occurred before it could even happen.
The phrase taxation without representation describes a populace that is required to pay taxes to a government authority without having any say in that government's policies. The term has its origin in a slogan of the American colonials against their British rulers: "Taxation without representation is tyranny.
Answer:
The reciprocity norm
Explanation:
The reciprocity norm is also called the rule of reciprocity. It is the norm in the society where if you do something for someone then it has been expected to get return the same favor from another person. You feel obligated to do the same in return to the person. This principle is applicable in marketing because marketers use several strategies to convince the customer so the customer can purchase their products. There are some direct strategies such as sales, coupons, discounts, etc. Some have been using psychological tricks that normal person not aware of about that.
Answer:
Firms might maximize revenue by raising price or output
Explanation:
Through marginal analysis it is possible to compare the costs incurred with the benefits obtained from some financial strategies, which enables the company to better analyze its strategy in an attempt to maximize its profitability. Through marginal analysis they can maximize revenue by increasing price or output when price and output need to be determined when there are additional costs related to hiring a new worker.
Answer:
B) Tenth Amendment.
Explanation:
The tenth amendment of the united states constitution specifically regulate the 'Reserved power' owned by the Congress. Reserved power is a capabilities that neither prohibited or explicitly granted by the constitution.
This amendment was added because at that time the congress aware that the scope of duties held by the congress is extremely large to the point where it would be really impractical for them to listed each duties one by one within the constitution. Adding one regulation about 'reserved power' make it possible for the congress to justify the actions that are not listed in the constitution.
