Kids had to work in factory's
The type of unemployment that rises as the economy goes into a recession is called...<span>
cyclical.</span>
Answer:
the I-knew-it-all-along phenomenon.
Explanation:
Hindsight bias: Also known as 'the I-knew-it-all-along phenomenon'.
The hindsight bias phenomenon involves the propensity of a person to assume or estimate that he or she already knew the consequence of a particular event after the consequence has formerly been determined.
Example: A person claims that he knew that his friends will not come but later on his friends came and he claims that he knew that the opposite is going to happen.
Answer: the profit motive
Explanation:
The is the finical risk undertaken by a firm for the motive of generating profit from a business transaction
