All decisions involve trade-offs. Trade offs are the alternatives one gives up whenever one chooses one course of action leaving out out all other alternative courses of action.
Trade-offs are practically found in all economic decisions. For instance, when one chooses to take a special cup of cappuccino for $330, this excludes spending this amount of cash on tea or fruit juice. When you choose to buy an expensive piece of art, you will have to spend more money towards maintenance and security of the painting. If you decide to work in a far-off city due to better pay there, you spend less time with family and friends in your hometown.
Answer:
Free and equal citizens who are part of a society defined by fairness.
Explanation:
According to John Rawls citizens are free and equal and also reasonable and rational. His conception of society, since the question talks about a <em>group of people with different social positions, racial and ethnic groups, religious affiliations and sexual orientations,</em> is defined by fairness. He explains that social institutions have to be fair to all members of society, to all the citizens, regardless religion, opinions, gender, etc.
Bayesian Probability is a concept of probability instead of calculating the frequency of something, one interprets probability as reasonable expectation of a state of knowledge.
It is often used in research to evaluate the probability of a hypothesis. One begins with a set of beliefs and then tries to adjust them through experimentation and research.
Answer: D. An economic system characterized by voluntary allocation
Explanation: Socialism promotes or encourages the need for production, distribution and exchange to be run by community at large instead of only the government running the affairs of the community.
Socialism is a shared responsibility for the production and distribution of resouces between individuals in the community or a group. It is the economic and political theory that encourages individuals to do things collectively for the common goal of the society.
I believe the answer is: <span>internal
</span><span>internal traits refer to the characteristics that we used to describe ourself
Since these characteristics are derived from our Positive and negative values, we should know these characteristics better than other people who do not fully understand our situation.</span>