Answer: asymmetric information
Explanation: This phenomenon happens when there is a knowledge gap between two parties, meaning when one party has more knowledge about a subject matter than the other. For example a property owner who wants to sell a particular property has more information about the property than the buyer. This problem is common in the financial industry, for example a loan officer has all the information and conditions that surrounds giving out a loan than the customer taking the loan. This situation could lead to making decisions with negative repercussions.
Different Explanations:
A reference group is a collection of people that we use as a standard of comparison for ourselves regardless of whether we are part of that group. We rely on reference groups to understand social norms, which then shape our values, ideas, behavior, and appearance.
A reference group is a group to which an individual or another group is compared.
A reference group is a group to which we compare ourselves.
A reference group can be either from a membership group or non-membership group.
A reference group is a group to which we compare ourselves. Reference groups, such as college freshmen, serve as a standard to which we measure our behaviors and attitudes. We use reference groups in order to guide our behavior and attitudes and help us to identify social norms.
Examples of your normative reference groups include your parents, siblings, teachers, peers, associates and friends. A comparative reference group is a group of individuals whom you compare yourself against and may strive to be like.
Ex:
- determination of affluence
- An individual in the U.S. with an annual income of $80,000, may consider himself affluent if he compares himself to those in the middle of the income strata, who earn roughly $32,000 a year.
- Labor unions
- social clubs
- societies
- celebrities
- heroes
- clubs
- organizations
- religious fellowships
- rock star
Bold= important to know
Don't know if this helped :)
Answer:
States request assistance from other states through interstate mutual aid and assistance agreements such as, States request assistance from other states through interstate mutual aid and assistance agreements such as. Emergency Management Assistance
Explanation:
Well you could look at their body language, like, the Goat is looking in a different direction from the camera so something has got it's attention, wether it can smell something interesting like food or it saw something like a mouse, it's up to you. The 2 boys in the picture are looking at the camera, suggesting that the person behind the camera could have said something like, "cheese" or "smile for the photo". The boy in the right looks like he might not have been too happy about the picture however the boy in the left, since he's smiling, he may be happy. Also the boy in the right has his hands together in a kind of close position which could suggest he isn't enjoying what he is doing. The only limit is your imagination. You can come up with a scenario by looking at facial expression or body language. Like if someone frowned at you and just froze. You could interpret that either they are angry at you for some reason or they could be in shock of seeing you.
Caused more than 24 million men to register for the draft by the end of the war, it wan't open for the conscription of women, and the age for men was increased to 18-45
the AFT supported the war effort, women entered the labor force (for the first time) in large numbers during the war, and blacks came North enlarge numbers to fill the ranks of labor in mining, steel production, and transportation
