Answer:
(A) Rational decision making, bounded rationality, and intuition
Explanation:
Rational decision making is a multi-step process for making choices between alternatives. The process ofrational decision making favors logic, objectivity, and analysis over subjectivity and insight.
Bounded rationality is the idea that in decision-making,rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.
Intuition is the ability to have a grasp on a situation or information without the need for reasoning. The opposite ofintuitive decision making is rational decision making, which is when individuals use analytics, facts and a step-by-step process to come to a decision.
Rational decision making, bounded rationality, and intuition plays an important role in making decisions.
A need is something required for a safe, stable and healthy life (e.g. air, water, food, land, shelter).
Answer:
d. The Social Contract emphasizes the role of equality among men and giving up personal rights in exchange for government protection.
Answer:
Individuals own the development factors and respond to the three economic issues. Any of the output factors are owned by the government.
Explanation:
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Answer:
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Explanation:
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