This behavior is an example of Moral hazard
.
Option A
<u>Explanation</u>:
Moral hazard is a behavior occurs when a person increases his/her exposure to risk when insured or have a financial assistance. In this situation ''person takes more risks" because someone else is there to bear cost of risks. In the above situation, Martha used to spend less before but when she got the scholarship she started spending more as having a financial security of scholarship. Other options - pecuniary externality, the paradox of thrif and the free-rider problem are incorrect as do not have any relevance with the case of Martha.
Answer:a. the representativeness heuristic.
Explanation:
What is the representativeness heuristic?
This term was described by two psychologist Amos Tversky and Daniel Kahneman.
When we want to decide on something or judge it we will usually take a path that will get us there soon or these psychologist call this "rules of thumb " which is referred to as heuristic.
When we want to decide on something and there isn't enough information available to us to make comparisons as a result we use heuristic to decide immediately without wasting time.
This can be occasionally helpful but sometimes it can lead us to making inaccurate judgements or biased conclusions.
For example we can use our preexisting prototype to compare it with want we are trying to decide on at that moment .
Our prototype is that information that we believe is more associated with that particular situation or object or subject at that moment .
For example we see someone wearing a long white coat entering the hospital we are more likely to think they are a doctor evethough we may find that this person is a lab technician and he is getting into the hospital to deliver some blood sample results but because we use the information that already exist in our mind that what we will use to make judgements.
In the above text the man reads a lot and speaks Chinese we know professors read a lot and mostly specialize on langauges then our first judgement is this is a professor .
Abraham Lincoln promised to take care of the wounded and support the soldiers that protect our country.
<span>To keep his promise we must support the soldiers and help them live after they serve our country.</span>
Answer:
D, many Slaves escaped during the 1800s and went to South America to gather guns and various weapons and would storm back up to plantations and murder the whole set. next, they would wreak havoc in western towns killing cowboys because cowboys existed during the 1800s. Important for the gold rush of oregan.
Abraham Lincon was a racist and only signed the emancipation proclamation because of the murders happening rapidly around the country by freed slaves A.K.A Seminoles
Seminoles: Slaves who escaped their plantation farms and equipped weaponry from the south to kill racist commons and elites.
<span>One of the first things that we study in school is to learn
how to effectively communicate with others. Whether we are asked to recite or
answer something in front of the class, these activities are not to test our
knowledge but also determine how well we communicate with the class. Whether we talk or write in school, what is
important is that you are able to express your ideas to others. This important because how well you do will
depend on you effectively communicate your ideas. Those who succeed are the ones who are
confident as well good communicators. You express yourself and you will go a
long way in life.</span>
