Answer:
past experience is a good guide for decision making, but so is information related to possible future outcomes.
Explanation:
The rational expectations theory refer to a concept and modeling technique that is applied widely in macroeconomics. In this the individual depend their decision on three main factors i.e. human rationality, available information and the past experience
As per the rational expectations theory the future should always be taken in expectation with regard to the decisions and it is vital for the same.
So as per the given situation, the above should be the answer
Answer:
true
Explanation:
Communication helps understanding people better removing misunderstanding and creating clarity of thoughts and expression.
Answer:
Makes a country's output per person rise at a compounded rate.
Explanation:
Modern economic growth has led to compound rate of financial development, or the compound development rate, and the output per person which is measured by GDP per capita. Modern Economic growth has made numerous changes and has helped to improve the output ratio per person. This implies that the speed of development is being doubled by a base that incorporates past GDP development, with substantial impacts after some time.
<span>Jeb was defining segments using DEMOGRAPHIC considerations.
There are 4 types of segmentation.
1) Geographic
2) Demographic
3) Psychographic
4) Behavioral
Demographic segmentation considers who the customers are. Data that are required to be collected to know who the customers are 1) age, 2) gender, 3) income, 4) social class, 5) religion, and 6) race or family life cycle.
People who want high quality car are usually big income earners. People who wants low-priced cars are usually small income earners or even students who just got their drivers license.
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