Items such as knives, tobacco and blankets were traded for
guns, gunpowder and other items. In
short, what items were useful for survival were the items people often traded
with. They had to have purpose in the
frontier for the items to be of value.
Answer:
Asymmetric information
Explanation:
The above case is a case of asymmetric information in the market. The person reading the newspaper have more information about the property. Whereas the person who would sell his ranch to Mr. Smith is the person not reading the news paper and not having any information.
Asymmetric information is also called information failure because one party in economic transaction has more information than the other.
Answer:
A) Eager to interact with and make sense of their world
Explanation:
From Piaget's perspective, children are <em>eager to interact with and make sense of their world</em>. According to Jean Piaget, a Swiss psychologist, children make sense of their world by interacting with it. For him, children are active learners who develop their intelligence in a way that is common to all of them. They undergo different stages in their cognitive development which is due to maturation and interaction with the environment.
<u>Answer:
</u>
The one thing that is wrong with Mr. Jacobs' conclusion is that he has failed to consider that there can be other possible explanations for his results.
<u>Explanation:
</u>
- The fact that Mr. Jacobs conducted a 're-test' with the same questions in the test can be deemed to be a possibility behind the results of the tests having come out positive.
- Other than that, it can be considered that not the new method of physical education, but some other activity done by the students over the span of 8 months might have made the students better at the test.
