Answer:
E. All of the above statements are true.
Explanation:
Democratic and republican parties are the two-party systems
Answer:
B. the availability heuristic.
Explanation:
The availability heuristic: In psychology, the availability heuristic is defined as a mental shortcut that depends on the alternatives that comes to an individual's mind while evaluating particular method, decision, concept, or topic. A person often uses readily available facts to hold beliefs about several distant concepts.
In the question above, the lottery promoters are most clearly exploiting the influence of the availability heuristic.
I write what I know then guglielmo third of orange went to the throne and he swear allegiance to the Bill of Rights (bill of rights) and had to respect the parliament then is for the parliament that has made the bill of rights bill of right
Answer:
Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.
coffee-supply-price-growers
The volatile price of coffee – can make planning difficult.
Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.
Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.
Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.
There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.
There are 5 points
Hope it helps!!!
