Answer:
This is an example of availability heuristic.
Explanation:
Availability heuristic is understood as a mental shortcut; an individual gets immediate thoughts about a certain subject, avoiding any "delays" or much conversation about the topic. He/she just <em>gets to the point. </em>
In this case, <em>instead of circling around the refrigerator subject,</em> Ian immediately tells Susan that she can buy any except for the Icewall, and proceeds to explain his own personal experience.
Answer:
Option C: In the long run, positive economic profit will be eliminated.
Explanation:
The statement that best describes firms under monopolistic competition is Option C, which is "in the long run, positive economic profit will be eliminated."
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Socialism is an economic philosophy which develops as an answer to the different problems presented by capitalism. Advocates of this philosopy claim that unchecked capitalism only deals with short-term goals, such as making profit, so long-term plans in infrastructure, workers, environment, among others, are not considered. Different varieties of socialism tend to strongly disagree with one another, but they all agree on the fact that capitalism, if left unchecked, constitutes a great danger to the economy of a country.
Leninism is a political theory developed by <em>Vladimir Lenin</em>, which comprises both political and economic theories, developed from Lenin's interpretation of Karl Marx's theories. He proposed the organization of a <em>Revolutionary Vanguard Party </em>and the achievement of a Dictatorship of the Proletariat as a prelude to the establishment of socialism. His idea involved turning the working classes against their class enemies.
Social Democracy is a political, social and economic theory that supports interventions to promote social justice. Social democracy originated as a peaceful transition from capitalism to socialism. This theory is associated with Keynesian economics - which advocates the intervention of the government in market economy, state interventionism, and the welfare state. It praises commitment to fighting inequality, oppression of underpriviledged groups, and poverty.
Answer:
It's still benefited mostly the upper class citizens.
Explanation:
The current system of democracy allow the citizens to buy influence within the government by using their wealth. They did this by donating in Political Action Committee that help a certain candidate win the election.
Because of this, The Rich and Powerful people have more chance to influence the government by electing the candidate that will pass a set of legislation that will benefit them. The poor citizens are not capable to give such donation
