Answer:
B. Life-cycle.
Explanation:
When Alfonso says, "It would have been tough to be a father at age 21, but being one at age 28 is super," he is noting the important role that life-cycle factors play in human development.
<u>Problem of classical economics pointed by John Maynard keynes:</u>
He was complaining about economists who believed that unemployment would be reduced or eliminated after the recession if the market is not somehow stimulated or steered in right direction. He agreed that this strategy can work in long run, however, in short run, it would pose some problems due to people’s nature of hoarding money and banking preferences.
The classical economists believed that in the midst of a great depression and recession, the government should not do much and the economy would recover on its own which may take decades for such to happen.
China Asia Persia. Really any empire in Asia.
Answer:
The given situation is an example of an<u> (A) External cost</u>
Explanation:
The Coase theorem is a theorem of economics and law, which states that in presence of an externality, if trade is possible and the transaction costs are low then the bargaining will result in a Pareto efficient outcome, despite of the property's initial allocation.
Therefore, this theorem describes the economic efficiency of an economic outcome in the presence of externalities.
As given, the parties in the college fraternity party is a negative externality as it can impose an external cost to the third party.
<u>Therefore, this is an example of an external cost. </u>
Answer:
Conflict avoidance is a type of people-pleasing behavior that typically arises from a deep rooted fear of upsetting others.
Explanation:
People who respond to conflict this way often expect negative outcomes and find it difficult to trust the other person’s reaction.
