Answer:
Hindsight bias
Explanation:
Hindsight bias is a psychological phenomenon in which a person has overestimated their abilities. They have predicted outcomes. But they people are not able to predict before the event took place. In this process, people believe that he can predict the situation more than it exists. Due to hindsight bias, the result will be the oversimplification of the cause and effect. It is also studied in behavioral economics.
So that when it is asked who wins the next presidential election she replied she does not know. Thus the scenario illustrates the hindsight bias.
Answer:
Macroeconomists focus on just a few key statistics such as inflation,unemployment, and GDP because they find it hard to focus on all the data in eachmarket. Thus, it will be difficult for them to examine every good or servicebecause it is time consuming and cumbersome.It will be better for economists to examine all the possible data though it will take muchtime. The economists thus, use the summary from the three measures above to getsome information of the economy as a whole.
Explanation:
Its called research, hope it helped ヾ(•ω•`)o
Answer:
Explanation:
option b might be correct