I think 1.a 2.c correct me if I’m wrong
Answer: Diminishing returns to physical capital
Explanation: The relationship between the amount of capital per worker and average labor productivity, which shows positive correlation for developing and less developed countries and a weaker relationship for developed countries can best be explained by the law of diminishing returns which suggests that as a country continues to increase its human and physical capital, marginal gains to economic growth will begin to diminish.
Diminishing returns to physical capital can be explained as the decline or smaller increase in productivity observed for every successive increase in physical capital when human capital per worker and technological level is fixed.
Developed countries thus possess higher technological and economic development than less developed and developing countries, hence the observed correlation.
Answer:
<em>confirmation bias </em>
Explanation:
<em>Confirmation bias </em><em>is also referred to as confirmatory bias in psychology and is described as an individual's or persons' tendency to interpret or look for information that tends to confirm his or her pre-existing believes that often cause a statistical error.</em>
<em>By holding a confirmation bias,</em><em> an individual often carry-out false beliefs regarding something and therefore gives more priority to the information that confirms his or her idea of beliefs.</em>
<em>In reference to the question, the given statement is an example of confirmation bias.</em>
Answer:
no
Explanation:
social security program draws from an independent revenue pool
Answer:
Explanation: This is in contrast to a free good (like air, sea, water) where there is no opportunity cost – but abundance. Free goods cannot be traded because nobody living by the sea would buy seawater – there is no point.
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