which of the statements best describes the idea of economic convergence?

B) Economic decision-makers are capable of making rational decisions within the limits of factors such as mental capacity and time available to make the decision. Sketch the graph of the linear function. 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He is at this time transporting large armies ... to complete the works of death, desolation, and tyranny.... From the Declaration of Independence, what can a reader infer about Jefferson's general attitude toward revolution. Question: Which Of The Following Statements Best Describes The Condition Of The Northern American Industrial Economy By The End Of The 1870s? 1. part a: which of the following statements best describes a central idea of the text? These decisions can be the ones which help us make better in our lives. D) Economic decision-makers only act rationally when they are physically tied to a chair. is to bring people back to reality. Is there anyone who could help me thank you!:). Choose three options. c. Due to product differentiation, firms choose output levels at which P > ATC. Choose two options. You can refuse to use cookies by setting the necessary parameters in your browser. The output produced by a typical firm is less than what would occur at the minimum point on its ATC curve. b. Ask your question. All people are entitled to equal treatment under the law. All other trademarks and copyrights are the property of their respective owners. [ri.2] a. capitalism is to blame for the great depression and the end of the roaring twenties because this economic system only benefits wealthy people. Question sent to expert. Pure selfishness, as indicated for example by the behavior of adults c. The attempt by people to get a given benefit at least cost, or to get d. None of these are correct. How did the results of the Hershey-Chase experiment strengthen Avery's conclusions? But, what is under our control is the decisions and choices we make in our life. Blind materialism, which may be promoted by relentless TV and oth b. So, fairness is the result of what choices we make. Part A: to see that people's basic rights are protected. women were encouraged to marry later in life so they could work in factories. Which of the statements below best describes the state of the Union's economic infrastructure during the Civil War? and He occasionally includes words that are rarely used in modern English. Deal with it." In the Declaration of Independence, what is Jefferson's purpose in listing self-evident truths? You will receive an answer to the email. What would be considered a secondary source about the assasination of abraham lincoln. What did the experiments of Griffith and Avery show about genetic information? Find more answers. Question: Which of the following statements best describes the idea of 'bounded rationality?' All rights reserved. Statement that best describes the idea of the text is Option A: Fairness is a consequence of the choices you make in life. In the Declaration of Independence, what is Jefferson's purpose in listing self-evident truths? Part A: The American colonies are justified in rejecting British rule and setting up a new government. A) Economic decision-makers typically act rationally in all decisions. Correct answers: 1 question: 1. part a: which of the following statements best describes a central idea of the text? His way of expressing himself is quite formal. The Declaration of Independence states that independence has become "necessary" and that Americans "should declare the causes which impel them to the separation." Still have questions? It refers to an entire universe of people "Americans" as well as the phrase "in excess" which includes many of the indulgences and "deregulations".These are presented as the element of the the main reasons for the "economic crisis" in an extended period of time (the 1920s). Answer Part A first, and then Part B. The correct answer is C) Americans were indulging in excess and deregulation during the 1920s, unaware this would contribute to an economic crisis. The correct answer is "C". In the Declaration of Independence, what does Jefferson mean when he says that the king has "refused his assent to laws ... necessary for the public good"? © copyright 2003-2020 Study.com. The king has not allowed changes that would benefit the colonists. Which statement best describes the idea of monetarism? Hence, Option A is the correct statement. Why did louis xvi call a meeting of the estates-general in 1789? Our experts can answer your tough homework and study questions. Britain imposed illegal taxes on the colonies and cut off America's international trade. Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. He is expressing the values that underlie his argument. Firms produce more output than is socially desirable. F(x)=0.25(2-x)+7... You get a student loan from the New Mexico Educational Assistance Foundation to pay for your educational expenses this year. Hii I don’t understand this French assignment I’m not allowed to use a translator. The industrial and manufacturing areas thrived. Part A: The language provides logical evidence of the failings of the king. Any of the other options qualifies as correct simply because they provide supporting details. In 1637, colonists killed between 500 and 600 american indians in connecticut, Aposition either for or against the ratification of the equal rights amendment. The following question has two parts. a. Constant battles greatly damaged agriculture. The central idea of the text "Life isn't fair. answer! Britain imposed illegal taxes on the colonies and cut off America's international trade. On A Global Scale, The U.S. Manufacturing Economy Was Only Exceeded By That Of Great Britain. What does this quotation from the Declaration of Independence reveal about Jefferson's eighteenth-century writing style? Which argument most logically follows from Jefferson's expressed ideas in the Declaration of Independence? The statement that best describes a central idea of the text is "Americans were indulging in excess and deregulation during the 1920s, unaware this would contribute to an economic crisis.". 6 Which of the following best describes the economic concept of rational self-inter a. New questions in History. He is expressing the values that underlie his argument. poop because it is and it auclty makes sence. Individual Decision Making: When to Use Each, Felt Emotions vs. According to an economist, a rational decision... Bounded Rationality in the Decision Making Processes, Intuitive Decision Making in Business and Management, Common Biases and Judgment Errors in Decision Making, The Rational Decision Making Model: Steps and Purpose in Organizations, The Theory of Attribution In Organizational Behavior: Definition and Three Determinants, Employee Involvement Programs: Impacts to Organizational Behavior, Escalation of Commitment: Definition & Examples, Creativity in Decision Making: Importance & Examples, Decision Making Models: Definition, Development & Types, The Decision Analysis Approach to Decision Making in Business, Group vs. Find more answers. Explanation: because she faced alot of racial and reder inequalities. In behavioral economics, bounded rationality refers to the concept that the rationality of an individual in making decisions is limited.

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