Answer: Ambiguity aversion
Explanation:
In economics and decision theory in general, ambiguity aversion refers to the preference for known risks over unknown risks. This means that in a scenario in which there´s an option in which probable outcomes are unknown, people would rather choose an option in which probable outcomes are known.
No to be confused with risk aversion, which only applies to situations where each probable outcome can be established.
Firms make their production decisions based on consumers' needs and wants, that is, there is only supply of goods and services because there is a demand for it.
Like lions elephants more like the wild animals
The Federalist Papers are important because they convinced the State of New York to ratify the Constitution by explaining the benefits of belonging to the Union. They remain important today as a guide to understanding the founders' intent for each Article of the Constitution, and are sometimes factored into judicial decisions.
Answer:
A challenge
Explanation:
Favelas are associated with poverty. Brazil's favelas are thought to be the result of the unequal distribution of wealth in the country, and they are also frequently crime-ridden and have long been dominated by gangs immersed in illegal drug trafficking.
