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•Rational choice (Bounded Rationality):
a limited capacity for processing information •Affective Choice: choices driven by how they make the user feel(underlying motive)
consummatory(intrinsic) or instrumental(extrinsic) •Attribute-Based vs. Attitude-Based Choice:
•Knowledge of specific attributes
•The use of attitudes, intuitions, and heuristics (common sense)
What else can I help you with?
Which economic system favors decisions by consumers but allows for some central planning?
Mixed Capitalism
This economic system favors decision by consumers but allows for some central planning?
mixed capitalism
What economic goals correlates with the explanation the ability of people to make choices?
There are different economic goals that correlate with the explanation decisions about how much workers should receive in income. Some of these goals include lifestyle, security and equity.
What combines some economic freedom with government regulation of economy?
A mixed economy combines elements of economic freedom with government regulation. In this system, private enterprises operate alongside government intervention, which aims to address market failures and promote social welfare. While individuals and businesses can make economic choices, regulations are in place to ensure fair competition, protect consumers, and mitigate negative externalities. This balance seeks to harness the benefits of capitalism while ensuring stability and equity.
Which of following is not a basic economic function of government?
This cannot be answered. You will have to give me some choices to choose from.
Which economic system favors decisions by consumers but allows for some central planning?
Mixed Capitalism
This economic system favors decision by consumers but allows for some central planning?
mixed capitalism
What economic goals correlates with the explanation the ability of people to make choices?
There are different economic goals that correlate with the explanation decisions about how much workers should receive in income. Some of these goals include lifestyle, security and equity.
How choices affect us?
Some choices may result as a positive affect. Some chices may result as a negative affect. It all depends on the choices we make. But remember no one can make us to do anything. We all have choices! Hope this helps :)
Which of following is not a basic economic function of government?
This cannot be answered. You will have to give me some choices to choose from.
What is true about a mixed economy?
Businesses are free to make many choices, but they face some government regulation
What are some good food choices to eat?
There are over a million different types of food you can make or create. Go to the website below for some choices.
What is Law of substitution in economics?
-it is an economic proposition that no good is absolutely irreplaceable that at some set of prices, consumers will substitute other goods for it...
This economic system favors decisilns by consumers but allow for some central planning?
not entirely sure, but i think it's mixed capitalism
What political and economic factors influence societies to make policy choices for their nations?
There can be plenty of factors influencing policy making in a country. Some are:geographical factors.socio-economic factors.multiculturalism.plurality of the country.castesim.class differences.poverty and backwardness.if you need to go more into depth on this topic... search Google or Yahoo Answers
Are mice second level consumers in the desert?
No, mice, for the most part, are first level consumers. Some mice, however, feed on insects which would make them second level consumers.
What are some substitute goods that consumers can consider when making purchasing decisions?
Substitute goods are products that can be used in place of each other. When making purchasing decisions, consumers can consider substitute goods as alternatives. For example, if the price of one brand of cereal increases, consumers may choose to buy a different brand as a substitute. Other examples of substitute goods include tea and coffee, butter and margarine, and Coke and Pepsi. By considering substitute goods, consumers can make informed choices based on their preferences and budget.
