Answer:
Some people would be willing to make a large sacrifice in order to help a loved one = Consistent with the Predictions of Traditional Economic Models.
Some people choose to work fewer hours after receiving a raise at work = Consistent with the Predictions of Traditional Economic Models.
Some people prefer to spend an hour doing a task tomorrow to half an hour doing a task today, although the opportunity cost of their time is the same in both periods = Reserved for Behavioral Economics.
Some people treat $70 they earn differently from $70 they win from a lottery ticket = Reserved for Behavioral Economics.
Explanation:
The behaviors of people generally cannot completely be predicted. However, there are certain suggestions made on the behaviors of people by the traditional economic framework as well as the behavioral economists. These suggestions have been used by different professional to qualify the behaviors of people in a certain way (as illustrated in the answers above).
A juvenile detention enter hosts offenders below the age of 18. Remember that a minor, especially one that is close to the age of 18, can still be tried as an adult and sent to adult jail rather than a juvenile hall.
Answer:
- Power distance - Ming
- individualism / collectivism - Ben
- Feminism / Masculinity - Bil
- Uncertainty avoidance - Elena
- Confucian dynamism - Jiro
Explanation:
Power distance is the way in which the power is expressed and is distributed, as some people put other cultures at a higher degree than those of the other culture on the basis of rankings.
individualism vs. collectivism : includes the personal or group efforts that are seen in terms of cultural orientation of nations. It shows the ways of dealing with a situation.
Feminist and masculinity : Include the dominance of the male or the female position in relation to the given tasks.
uncertainty avoidance is the society's tolerance for uncertainties and shows how cultures differ form each other in their amount of tolerance.
Long term oriented nations that focus on the future goals and short term oriented that seek immediate outcomes.
