People who need life-saving drugs cannot do without them and surely will be willing to pay very high prices for them because a monopolist, such as one selling life-saving drugs, still faces downward-sloping demand curves.
Drugs are chemical substances that, when consumed, cause changes in the physiology or psychology of living organisms. Pharmaceuticals are generally distinguished from foods or substances that provide nutritional supplements. Drugs are consumed by inhalation, injection, smoking, ingestion, absorption through skin patches, suppositories, or sublingual dissolution.
In pharmacology, a drug is a chemical substance, usually of known structure, that produces a biological effect when administered to a living organism. Pharmaceuticals, also known as drugs or medicines, are chemical substances used to treat, cure, prevent, diagnose, or promote health. Medicines have traditionally been obtained by extraction from medicinal plants, but more recently they have also been obtained by disorders of organic synthesis.
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Answer:
You could include Herbert's Simon's satisficing and Amos Tversky's elimination-by-aspect heuristic rules.
From Satisficing strategy, you must decide which are your goals, what do you want to achieve through social invitations.
By doing this, you are setting an aspiration level. Then, you choose the alternative that satisfies your aspiration.
On the other hand, you can use elimination-by-aspects heuristic strategy to reduce the number of alternatives that do not meet the aspiration level.
I believe the answer is: STJs (Situational Judgement Tests)
Situational judgement test would provide the test taker with realistic but hypothetical scenarios that might be encountered in their line of work.
The result of this test could be used by companies to determine which candidates have the right mindset to provide effective result for the company.
<em>Answer:</em>
<em>encode selectively </em>
<em>Explanation:</em>
<em>In psychology, </em><em>selective encoding is defined as a phenomenon through which a child gets insight about different problems and distinguishes it on the basis of a problem which is being considered as important and problem which is considered as irrelevant. In other words, a child will look for a problem which he or she finds to be important while working on something whereas ignores other things.</em>
<em>In reference to the given question, children must encode selectively.</em>
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