Answer:
the minimum criteria are clear.
Explanation:
Bounded rationality refers to a situation when a person is required to make a rational decision within a very limited restriction (usually the restriction revolved around not having enough time or spaces)
This type of model tend to be used in a professional setting where the minimum criteria are clear. The decision makers will have to know the things that they are expected to achieve and the deadline when they are expected to achieve them.
Answer:
B. there is no historical data due to a new product introduction.
Explanation:
Forecasting -
It is the process of predicting the future depending on the present and the past data via analyzing the trends of the data .
The judgement method is only practical for making a forecast , when the there is no data in the past , and hence , nothing can be predicted or assumed from the past .
Hence , from the question , the correct statement is B. there is no historical data due to a new product introduction .
It repealed the missouri compromise which prohibited slavery north of latitude 36°30
Answer: Option(c) is correct
Explanation:
Economic model is the concept that depict the real economic behavior and processes through hypothetical construction.It helps in understanding the complex concept of economic procedures with ease,simplicity and logically.It helps in testing theories and representing relationships.
Other options are incorrect because economic model not increase complexity in understanding concept, can be proven incorrect,does not includes critical elements and equation usage is not done in normative concept. Thus, the correct option is option(c).
Answer:
Among the consequences of the assassination were a horrible civil war and the rise of Mark Antony and Octavian.
The death of Caesar on the Ides of March sent the Roman Republic into a crisis that ultimately led to its abolition and the emergence of the Imperial system.
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