Answer: Economy- activities related to the production and distribution of goods and services in a particular geographic region
Explanation: I used quizlet to find the answer
Answer:
Yes, it is very much true that making decisions often involve both financial and non-financial factors. There are some situations in life where we have to consider both of them in order to make a valid or correct decision. For example, when we are buying a laptop, we will definitely consider its price and other specifications like, hard drive space, ram, but we will also consider its style, design and color as well not only price. In another case, when we have to choose between three jobs. One job offers $10000 per month in New York city, while other is offering $15000 in London and third one in China offering $18000. I love to live in New York city which is quite near to my hometown as well but it is offering me the less salary as compared to the other 2 options, I have to do a trade-off here. I will go for opting New York's job in $10000, I will not considering money factor here because I will be more comfortable in this city as many of my family members and friends live here, hence, sometimes both financial and non-financial factors matter when we have to make a decision.
The rule that economists would sign to deal with financial crises are:
- offset policies that might create long-run problems.
- deal with moral hazards
- deal with the law of diminishing control.
<h3>What is a
financial crises?</h3>
This refers to a disruption in financial markets by a sharp decline in asset prices and numerous failures of many financial and non financial firms.
Hence, the precepts on dealing with financial crises that majority of economists would sign onto includes recognizing and offseting policies that might create long-run problems, dealing with moral hazards and law of diminishing control etc.
Read more about financial crises
<em>brainly.com/question/307213</em>
#SPJ11
