Answer:
<em>The Rationality Assumption.</em>
Explanation:
The assumption of rationality is <em>the belief that people will choose something which will increase efficiency from a series of decisions; this advantage is prone to interpretation and it can be based on actual economic profit, benefit to society, and a multitude of other things.</em>
Economists often presume reason when interacting with theory and devising mathematical and statistical models to explain behaviour. It is safe to assume in many cases, such as a straightforward supply / demand model, that people will behave on basic moral standards such as a cap on desire to pay.
Answer:
Reliability and validity are concepts used to evaluate the quality of research. They indicate how well a method, technique or test measures something. Reliability is about the consistency of a measure, and validity is about the accuracy of a measure.
Explanation:
When buying a new backpack, Maria assessed four brands. The evaluative criteria that she used to make a purchase decision were sturdiness, weight, and design.
She based her decision according to these criteria because they were important to her. If some other backpack met all these criteria, she might have bought that other one instead.
Sarah can best be labeled as living in <u>"relative"</u> poverty.
Relative poverty is the condition in which individuals do not have the base measure of salary required with a specific end goal to keep up the normal way of life in the general public in which they live. Relative neediness is viewed as the least demanding approach to quantify the level of destitution in an individual nation. Relative destitution is characterized with respect to the individuals from a general public and, in this manner, varies crosswise over nations. Individuals are said to be devastated on the off chance that they can't stay aware of the way of life as dictated by society.
In command economies, the government will determine what the workers should be (there will be no freedom in choosing your careers)
Meanwhile, in market economy, all people have the freedom to choose whatever they like as they career
hope this helps