Behavioral economics assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.
Behavioral economics is basically the study of psychology as it relates to economics.
Answer: Technology is the recipe for combining land, labor, physical capital, and entrepreneurship to produce a good.
Explanation:
The different factors of production (land, labor, entrepreneurship, and capital) are the inputs required for the production of a good or service.
Technology is a term that has a rather wide meaning and can be applied to describe software, hardware, or a mixture of both employed to organize a manufacturing process. Either way, the technology available is the one that combines the land, the labor, the physical capital, and the entrepreneurship to produce a good.
Probably because they do not have factories or refineries needed to process the raw materials.
Answer:
B. Problem-solution.
Explanation:
In the given scenario, Jerome is emphasizing the issues of the school. This means that in his letter to the principal, he will be talking about the issues that he finds with the school. Moreover, he will propose plans to fix such problems/ issues.
So, he will use the structural organization of problem-solution where he will list the problems and also suggest solutions.
Thus, the correct answer is option B.