When an Australian hunter gives away most of his meat to relatives without specifying what is expected in return, he is exemplifying: <u>generalized reciprocity.</u>
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Generalized reciprocity is a phenomenon in which individuals treat other people as they have treated others in the past. In addition to behavioral outcomes, it remains unclear whether intentional information also manipulates generalized interaction behavior.
Generalized reciprocity is giving without expecting an immediate return. For example, if you are shopping with a friend and you buy him a cup of coffee, you might expect him to buy you a cup in return at some point in the future.
Generalized reciprocity refers to a mode of exchange for goods and/or services in which the giver and recipient do not maintain accurate books of value or determine the amount or duration of returns.
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With the invention of the stethoscope, physicians were able to listen to the various sounds made by the heart and lungs. And began to be able to identify if patients had any diseases or ailments.
According to the United States Census Bureau of 2014 <em>over 12 million American children live in poverty</em>. The top 3 states with the highghest rates of child poverty are: Mississippi, New Mexico and Arkansas. Most of these children have parents who work but they earn low wages and have unstable employment conditions so this makes it hard for the families to make ends meet.
Cost-Benefit analysis is used in rational decision making model by economists use to make decisions
<u>Explanation:</u>
A process that has multiple steps is a Rational decision making. It follows many steps right for identifying the problem to finding the logical and sounded decisions to that problem. The main thing that this model assumes is that the available information is complete and there will be enough resources, timelines and ability which is cognitive for the purpose of choosing the alternatives.
The main thing that is being used in this model in making decisions is Cost-benefit analysis
. Here there is an assumption that people will be choosing that alternative that will have more benefits with least cost.