Hiram is not really a sports fan, but he signs up for a fantasy baseball tournament that is being sponsored by his company. In selecting his team, he picks the 10 players that he recognizes from 200 that are listed. He is pleasantly surprised when his fantasy team finishes near the top. In this instance, Hiram made his selections using

the recognition beuristic

Explanation:

Hiram is not really a sports fan, but he signs up for a fantasy baseball tournament that is being sponsored by his company. In selecting his team, he picks the 10 players that he recognizes from 200 that are listed. He is pleasantly surprised when his fantasy team finishes near the top. In this instance, Hiram made his selections using THE RECOGNITION BEURISTIC

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

i believe the answer is: returns on investments, no wages

people who belong in upper class society would most likely get there by obtaining multiple source of income, which a certain percentage of ownership for businesses. since most of them are job creator, they would most likely get their money from profit, not wages.