Answer:
resources are scarce so economies should make decisions between multiple ends and scarce resources
Explanation:
Water because without water we don't survive because we can only last 3 days without water
Answer: B. False Consensus bias
Explanation: False Consensus bias occurs when an individual tends to overestimate the significance of his own personal idea, notion, values, stance believing every other person will concur with his or her decision. It is an attributional type of cognitive bias whereby an individual strongly believes that his idea or opinion is normal and thus other people should also reason, adopt or act with the same idea. When people or group negates their ideas or opinion, they feel such individual or group aren't doing the right thing because they feel their opinion is the 'normal' standard of reasoning.
Answer:
A)
Explanation:
The main difference between these two terms is that a concurring opinion agrees with the majority decision, but for different legal reasons, while a dissenting opinion explains why one or more justices disagree with the majority. Each of which tends to ocurr often in court cases where various judges analyze and pass judgment of another judges decision on a specific case. With a concurring opinion most, if not all, judges agree with the decision that has been made but tend to give different reasons as to why they believe the decision was justified.
Behavioral economics assumes that humans may not act rationally because of genetics, learned behavior, and rules of thumb.
Behavioral economics is basically the study of psychology as it relates to economics.
