Answer:
noncompensatory
Explanation:
Beverly wants to take a cruise with her children. She selects one with a daycare that will ensure her children are well cared for, even though the onboard activities for adults on that cruise are less exciting than on other cruises. Beverly used a noncompensatory decision rule.
Government borrowing and high tariffs are a source of income for the government, and sometimes the government needs money right now rather than in the future (which is what would happen if the economy got stronger: more money in the future.
For example, if the government wants to pay for medical expenses of some part of the population, they will need the money immediately and thus will need to borrow it.
Answer: Development means “improvement in country’s economic and social conditions”. More specially, it refers to improvements in way of managing an area’s natural and human resources. In order to create wealth and improve people’s lives.
Dudley Seers while elaborating on the meaning of development suggests that while there can be value judgements on what is development and what is not, it should be a universally acceptable aim of development to make for conditions that lead to a realisation of the potentials of human personality.
Explanation:
