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mojhsa [17]
3 years ago
6

Which economic philosophy has been the most influential in the past 10 years

Social Studies
1 answer:
elena-s [515]3 years ago
8 0

1John Maynard Keynes (1882-1946)

2Friedrich August von Hayek (1899-1992)

3Milton Friedman (1912-2006)

4Lawrence Robert Klein (1920-2013)

5Robert Lucas Jr. (1937-Present)

6Elinor Ostrom (1933-2012)

7Leon Walras (1834-1910)

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Nady [450]

Answer:

Illusory conjunctions  

Explanation:

Madelyn is walking in a mall and thinks she sees a man wearing a red dress. She takes a longer look, and realizes she has seen a man in a suit walking next to a woman in a red dress. This is a natural example of <u>illusory conjunctions</u>.  Illusory conjunctions such as visual or auditory illusory conjunction is a phenomenon that occurs when individuals combine features of two objects into one. This usually results due to diverted or overloaded attention.

Madelyn combines a man wearing suit walking next to a woman wearing red and misrepresents it as a man wearing red.

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3 years ago
Suppose that Spain has a comparative advantage in hats and Portugal has a comparative advantage in doormats. Under a system of f
Lady_Fox [76]

Answer:

Some of the gains from trade shift to Portugal.

Explanation:

The law of comparative advantage describes how agents produces more of and consumes less of a good for which they have a comparative advantage in. Agents have a comparative advantage if they produce a good at a lower marginal cost prior to trade. Contrary to it, agent has an absolute advantage if they produce a good more productively, or more quantity of goods for a less amount of resources.

In this example, if the price of doormat increases to 5 hats per doormat, Spain will have to produce hats to get 1 doormat. Contrary to it, Portugal will get more hats for producing the same amount of doormats as before.

So, to conclude, Portugal will gain from this trade.

6 0
3 years ago
How many people are born every day
Romashka [77]

Answer:

360,000

Explanation:

there is around 360,000 births a day

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3 years ago
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Snarly is an example of: <span>a conditioned response
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3 years ago
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3 years ago
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