The improvement in the standard of living and the quality of life of people in a country is called?​

An economic system where all or most businesses are owned by government

What makes the just-world hypothesis psychologically appealing to the average person? a. many people develop skewed perceptions based on their worst experiences with the poor, which makes it hard for them to see things objectively. b. it is supported by a wealth of empirical data. c. most people’s everyday experiences teach them that society tends to distribute rewards and punishments fairly. d. most people have a strong need to believe that the world is orderly, predictable, and fair.

Because of the housing bubble, many houses are now selling for much less than their selling price just two to three years ago. there is evidence that homeowners with virtually identical houses tend to ask for more if they paid more for the house. what fallacy are they making?