Mercantilism and barter are better described as historical economic systems, and in the past the governments and the kings/queens generally kept a closer control of the country, so let's not consider those options.
Now, we have: capitalism, communism, socialism.
Capitalism leaves the capital and the economic decisions in the hands of the private people, not the government. Socialism means a common possession of the means of production, but not by the govrenments, rather by the people, as is often seen as a milder form of communism.
Communism on the other hand is associated with authoritarian governments. Some example were the Soviet Union, and currently, North Korea and Cuba.
I believe the answer is: hindsight bias
Hindisight bias refers to mindset that make a person beleive that a certain event is predictable even if they have no objective measurement to make the prediction. Hindisight bias generally created by either memory distortion or self fulfilling prophecies.
Answer:
conservatives.
Explanation:
The basic ideology of the conservatives is that individuals consist of the basic unit of society and they are free to choose the laws of supply and demand. They believe that capitalism is the central institution of society. Therefore, the market system is comprised of individuals who work in their self-interest to maximize profit in an economic system.
Answer:
e. structurally unemployed.
Explanation:
Structural unemployment: It refers to a mismatch or discrepancy between the skills of the unemployed person and the jobs available. Structural unemployment occurs when finding a job becomes difficult for people due to the shift in the economy. In this scenario, the process of outsourcing becomes possible.
Causes:
1. Occupational immobilities.
2. Geographical immobilities.
3. Labour market flexibility.
Jamal would be considered as structurally unemployed.
