You can get a lawyer or you can plead the fifth...right to be silent. Check out the 5th amendment in the Constitution. The answer's right there.
Answer:
Personal Opportunity Cost - Spare non drive time sacrifised
Social Opportunity Cost - Fuel efficiency (high pollution), Road Traffic (Congestion issues).
Explanation:
Opportunity Cost is the cost of next best alternative, foregone while choosing an alternative. Bill can commute either by bus, or by self drive.
If Bill drives his car, opportunity cost for him is - the spare time sacrifised, that he could have used while car drive in some other activity (eg reading, listening music).
Opportunity Cost for society is - the fuel utilisation & road traffic management efficiency sacrifised, by using private instead of public transport. This leads to more pollution, more congestion on roads.
Answer:
b. The availability heuristic
Explanation:
In psychology, the term <u>availability heuristic </u>refers to the tendency that people have to rely on immediate examples (usually close to them) when they have to evaluate a broader topic or concept. In other words, people make judgements based on specific examples that come to their mind.
In this example, two of Mariah's friends lost their jobs. Now Mariah is grossly overestimating the national unemployment rate. We can see that <u>Mariah is relying on immediate examples like what just happened to her two best friends to form an opinion on the national unemployment rate. </u>Therefore, this would be an example of availability heuristic.
