This most be on the worksheet or paper you received
The answer is "<span>Bounded Rationality".
Bounded rationality refers to the possibility that in basic leadership, rationality of people is constrained by the data they have, the subjective constraints of their minds, and the limited measure of time they need to settle on a choice.
</span>
Answer:
Explanation:
Elizabeth should concentrate on making pie because she has a comparative advantage over Benjamin in pie making while Benjamin has comparative advantage in cake baking.
According to the Ricardian model of comparative advantage, countries should concentrate in the production of goods they have comparative advantage in making and exchange or import goods they do not have comparative advantage in making. This is the basis of trade between nations according to the Ricardian model.
The correct answer is availability heuristic.
Availability heuristic refers to the phenomenon wherein people take mental shortcuts when deciphering, making a decision, or evaluating certain information. In this instance, after Jerome saw a tv special on psychology in which most of the psychologists interviewed were middle-aged males, he likely associated psychologists and psychology professors as being male and middle-aged. Due to this, when Jerome took his first psychology class, he was surprised to find that his professor was a young female rather than an older, bearded male.