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romanna [79]
3 years ago
9

The public might think the economic situation is not as bad as it really is if the government reported employment at 88%, rather

than saying that the unemployment rate is 12%. Which phenomenon is influencing the public's judgment in this situation?
Social Studies
1 answer:
JulijaS [17]3 years ago
6 0

The correct answer is a framing effect

Framing Effect is the bias that describes how decision making can be affected by the way the problem is formulated or the way options are presented (framed).

Famous studies have shown that people tend to be risk averse when it comes to gains, assuming that “a bird in the hand is worth two in flight”, but are prone to taking risks to avoid or compensate for losses - as maintain a losing position for the long term or even invest more, as the price falls, so that the average price becomes lower.

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Adults 25 years of age and older with less than a high school diploma earn ______ percent less than those who have earned a high
mariarad [96]

Answer:

Explanation:

Adults 25 years of age and older with less than a high school diploma earn 30 percent less than those who have earned a high school diploma.

3 0
3 years ago
Australia and China are trade partners. Australia sells natural
SSSSS [86.1K]

Answer: specialization

Explanation:

Specialization simply refers to a production method whereby a country company produces the goods that it has a lower opportunity cost with regards to its production. This implies that more goods will be produced by the countries and at lower prices when compared to their counterparts.

With regards to the question, since Australia and China are trade partners and Australia sells natural

resources while China sells computers and cars, this is an example of specialization as the countries specialize in producing goods that they can produce more efficiently.

5 0
3 years ago
How did the practices of ancient Israelites set them apart from other ancient peoples?
Daniel [21]

Answer:

They worshipped one god, not many gods.

Explanation:

The religious beliefs that made the Hebrews different from the other ancient people was that they believed in one all-powerful God and not many Gods. ... The Hebrews believed in monotheism but others believed in polytheism. Monotheism. The belief in one all-powerful God who established moral laws for humanity.

3 0
3 years ago
Read 2 more answers
The exact geographic location of a place on Earth is?
iogann1982 [59]

A locality is a human settlement: city, town, village, or even archaeological site. A place's absolute location is its exact place on Earth, often given in terms of latitude and longitude. For example, the Empire State Building is located at 40.7 degrees north (latitude), 74 degrees west (longitude)

5 0
3 years ago
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If an economy is experiencing inflation, Group of answer choices a) aggregate demand is below full-employment and the government
alexira [117]

If an economy is experiencing inflation, aggregate demand is above full-employment and the government will increase spending and decrease taxes.

Answer: Option B

<u>Explanation:</u>

The inflationary gap occurs when total demand is greater than the level of the outcome at full employment. Therefore, inflationary gap is the estimation of the excess amount of total demand over total supply at full employment. The hike in the amount of discretionary income for both consumers and business results from the government’s expansionary fiscal policy.

When government or pivotal authority slit taxes the investment for capital improvement, new hiring or employee’s payment reimbursement is processed by businesses and consumers may spend more for buying goods. The government can also encourage economy by investing in infrastructure projects. Such actions can result in a price hike due to the high demand for goods and services.

5 0
3 years ago
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