Answer:
The binding price floor will cause a surplus of wheat that farmers will be unable to sell.
Explanation:
The price floor is the lowest price that can be paid for goods, by binding price floor the senator requires by law a price for the goods above the equilibrium. The critics would say that since the wheat is binded price floor and cannot drop below the price stated by the senator, when the government inflate the price for the market the consumers will deny to pay the price stated and by that the consumption of wheat would fall creating a surplus of wheat, since the goods won’t be sold.
This question is missing the options. I've found the complete question online. It is as follows:
Mandy, a true believer in astrology, reads in her horoscope that today is her lucky day. She gets so excited that she spills coffee all over herself, necessitating a change of clothes. As a result, she is late for work and for a very important meeting, which in turn gets her into serious trouble with her boss. That evening, her brother is taken to the emergency room. On her way to visit him, Mandy finds a dime in the hospital parking lot. What does research on the confirmation bias suggest that Mandy will do?
A) Mandy will renounce astrology as completely wrong because of all the horrible things that happened on her "lucky day."
B) Mandy will begin to question her belief in astrology because of all the horrible things that happened on her "lucky day."
C) Mandy will forget finding the dime because of the all the horrible things that happened to her.
D) Mandy will seize on the dime she found as evidence of astrology’s accuracy.
Answer:
D) Mandy will seize on the dime she found as evidence of astrology’s accuracy.
Explanation:
In psychology, confirmation bias refers to our tendency to look for things and signs that will confirm what we already believe in. According to research in this area, we are biased in our beliefs and tend to ignore any information that may challenge them. As a result, our judgment will be degraded. Mandy will most likely, according to confirmation bias, ignore all of the bad things that took place after she read her horoscope. She will pay attention, however, to the one tiny event that somehow confirms her belief. She will seize on the dime she found as evidence of astrology's accuracy.
It is not a question that can be addressed empirically. The
word "empirical" specify information expanded by means of remark,
knowledge, or experimentations. Empirical questions are not responded
by remark. They are responded by the clarification of observations.
A nation's competitiveness depends on the capacity of its industries to <u>innovate and upgrade</u> and thereby maintain its competitive advantage.
<h3>
What is competitive advantage?</h3>
- A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a ccompetitive advantage.
- These elements enable the producing unit to outperform its competitors in terms of sales or margins. Cost structure, branding, the standard of the product offers, the distribution system, intellectual property, and customer service are just a few examples of the variables that are thought to contribute to competitive advantages.
- Comparative and differentiated advantages are two types of competitive advantages.
- A corporation has a comparative advantage if it can create a product more effectively than a competitor, which increases profit margins.
- When a company's products are regarded as both distinctive and of greater quality than those of a competitor, this is known as having a differential advantage.
To learn more about competitive advantage with the given link
brainly.com/question/15095207
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