Answer:
measuring production levels
Explanation:
Economic rational choices refers to a scientific frameworks that a person or a group can use in order to fulfill all of their interests and needs. The means are the things that we can use before we make those rational choices
To make a rational economic choices, there are several steps that generally need to be followed:
Understanding what want to be achieved - analyzing the resources that we possess to achieve it - formulating potential plans - assessing cost and benefit of our action - choosing the best plans.
Measuring production levels is an activity that we do after the plan is already executed. Is not something that we do before we make the choice.
<u>Answer:</u>
<em>Companies passed on production and transportation costs to consumers</em>
<u>Explanation:</u>
An increase in oil prices will add to a higher inflation level. This is on the grounds that transport costs will rise prompting more increased prices for many products. <em>This will be cost-push inflation which is very unique to inflation brought about by rising aggregate excess/demand growth. </em>
Consumers will see a decline in unrestricted income. They bear a higher cost of transportation, yet don't have the compensation of income rise. <em>Higher oil costs can prompt slower economic development – especially an issue if consumer spending is less.</em>
(use at own risk)
the trait theroy
The answer to this is "the polls", on in other words "surveys of public opinion".
The polls can for example look as follows:
51% of people prefer blue to red, and 49% prefer red to blue - this can for example inform toothpaste companies how to design their packaging.
Polls also help predict the result of political elections.
