Answer:
Stan's behavior demonstrates time inconsistency.
Explanation:
In Economics, time inconsistency is the change that occurs in a person's preferences over time. That change leads the person to reach a different evaluation when it comes to the costs and the benefits of a decision. In Stan's case, he seems to be prioritizing his time. He even complains that he never has enough time to finish all his homework. We can assume, from his complaint, that he wishes he had the time. Yet, at this very moment, he has chosen to watch three movies instead of doing his assignments. His current decision is inconsistent with what seems to be his preference. Clearly, he believes the benefits of watching the movies to be higher than the costs of not doing his homework. At this moment, therefore, there is an inconsistency between his preferences.
Answer:
college undergraduates are not typical of the public at large
Explanation:
Answer:
The best option of the answer choices provided is Option 4. Hinduism established a rigid cast system, but it was formally abolished in the mid 20th century.
Explanation:
There are four main categories in the Hindu caste system - Shudras, Vaishyas, Kshatriyas, and Brahmins. The Hindu God of creation called Brahma was said to have created the groups. One of the most important Hindu texts, Manusmriti, dates to 1000 years before Christ, and it says that the caste system is the framework for order and regularity in Hindu society. Discrimination on the basis of caste was banned by law in 1948 in India, although unfortunately there is continued stigma and discriminatory practices to this day.
A place to fish
Fresh drinking water
Good farming conditions
Provides trading routes