Answer: availability heuristic
Explanation: Heuristic is simply a mental strategy used to quickly form judgments, make decisions, and find solutions to complex problems.It describes an approach to problem solving, learning, or discovery that employs a practical method nit guaranteed to be optimal or perfect; not following or derived from any theory. A product specialist who bases a decision not to launch a new product based on her recent failure with another product offering is an example of availability heuristic. It relies on information that comes to mind quickly when it comes to making judgment or decision about relative risk or danger. our brains rely on a number of different strategies to make quick decisions. Availability heuristic is then, a mental shortcut that helps individuals make quick, but sometimes incorrect, assessments.
It equals economic <span>growth because of the income of what they get from the other state</span>
Answer:
1)The variety of currencies in countries
2) Different numbers of people in countries
Explanation:
In the world, the best or almost perfect way for a country to measure economic prosperity or living standards is to calculation of GDP . While comparing the GDP of different nations or group of countries, two problems arise immediately.
1) The problem of different currencies because GDP of a country is calculates in its own currency, that's why the problem appears quickly; for instance, US uses USD; Most Western Europe countries use Euro as a currency; Japan uses yen; Mexicans use pesos. Therefore, when we need to compare GDP between two countries, we will urgently should do the conversion into a common currency one.
2) The problem of different numbers of people. So, the countries could have a very large number or absolutely diverse numbers of people and it will take the problem in. Though some countries have more people or citizens than others, but it does not mean purely higher GDP, therefore, whether we compare living standards across countries, we will have to divide GDP by population amount.
Answer:
$21,000
Explanation:
initial investment $25,000
we need to determine the expected value of every possibility:
- $15,000 loss ⇒ 20% x $10,000 = $2,000
- $29,000 loss ⇒ 15% x $5,000 = $750
- $40,000 gain ⇒ 5% x $65,000 = $3,250
- break even ⇒ 60% x $25,000 = $15,000
total expected value = $21,000
Answer: b. payment of premium.
Explanation:
The Consideration clause is the condition set by the Insurance company for its coverage of a person. In other words, it is what the person is expected to do for the Insurance company to enable it to discharge its responsibilities of being able to cover a client.
In general, this is the payment of premiums along with the statements made by the applicant about themselves in the application to the insurance company.
If premiums continue being paid, the company will cover the person all else equal.
