Some countries didn't have stuff that other countries had, so they used to trade to grow their community and for their people to survive. Trading was important to have all their goods they wanted.
According to the risk aversion principle, you should take the action that produces the least harm.
It is a phycological concept applied in economics, specially within the field of finance. When facing situations that involve uncertainty, risk aversion consists on choosing the alternative that diminishes it as much as possible. It is a common behaviour when selecting investment opportunities. For example, a risk averse saver will prefer to keep his money in a bank account (low risk low profit), rather than purchasing shares and betting in the stock markets (high risk high profit).
Yes the given statement is true.
QAIT model is explained below.
Explanation:
QAIT model was developed by Mr. Robert Slavin in the year 1997. This is basically a school learning model. In this model he eliminated some factors that were not under the control of educators and kept and redefined some factors that could be altered by educators or teachers.
QAIT stands for:
- Q: Quality of Instruction
- A: Appropriate level of Instruction
- I: Incentive
- T: Time Allocated
According to this model, Students make use of their aptitude and motivations with the help of quality and appropriate level of instruction in a given period of time to achieve the incentive in the form of Achievements.
In the given scenario, Mr. Clements must address the Time factor. He must make plans for the students to cover the materials and lessons in a given time period of one year or less. So Time is the factor which Mr. Clements needs to address.
Learn more about QAIT model at:
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Answer:
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