Answer:
Asymmetric information
Explanation:
The above case is a case of asymmetric information in the market. The person reading the newspaper have more information about the property. Whereas the person who would sell his ranch to Mr. Smith is the person not reading the news paper and not having any information.
Asymmetric information is also called information failure because one party in economic transaction has more information than the other.
Real power in the senate is in the hands of the Majority leader
The Vice President of the United States is the official Senate President, and when the Vice President is not present, the President pro tempore assumes that role. But in practice, unless a tied vote is anticipated, the Vice President hardly ever enters the Senate, much less actually preside over the body, and the President pro tempore has devolved into a ceremonial position devoid of any real authority.
In accordance with Senate rules, the Presiding Officer of the day gives the Majority Leader priority in obtaining recognition to speak on the Senate floor and they decide which senators will be allowed to speak. This is because the Majority Leader is seen as the de facto leader of the Senate, especially in modern times.
Learn More About Majority Leader:
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Describe: is see factories next to a port by houses
Analyse: what do they make in those factories what kind of Goods do they make?
Question: how much pollution is this causing?
He is in the precontemplation stage of the transtheoretical model,where he shows no intention of changing their behavior, and does not see an behavior as a problem when asked.
This matched his case that he does not believe he will get a lung cancer from smoking cigarettes(does not see the behavior as an problem) and does not want to quit smoking(no intention of changing the behavior).
Hope it helps!
