Answer:
Stan's behavior demonstrates time inconsistency.
Explanation:
In Economics, time inconsistency is the change that occurs in a person's preferences over time. That change leads the person to reach a different evaluation when it comes to the costs and the benefits of a decision. In Stan's case, he seems to be prioritizing his time. He even complains that he never has enough time to finish all his homework. We can assume, from his complaint, that he wishes he had the time. Yet, at this very moment, he has chosen to watch three movies instead of doing his assignments. His current decision is inconsistent with what seems to be his preference. Clearly, he believes the benefits of watching the movies to be higher than the costs of not doing his homework. At this moment, therefore, there is an inconsistency between his preferences.
Answer:
A
Explanation:
The statement that best describes the Louisiana Purchase is "The US sent two representatives to buy the Louisiana Territory from France in 1803."
Answer:
Persia's standing army was an important factor in Persia's rapid growth because of the elite soldiers within the standing army. They were known as the "Immortals" and tasked to maintain order from within and the outside.
Explanation:
Answer:
religion is the condition in which people are combined with their own believes and culture to ascertain their life
