0
What pitfall to objective thinking is reflected in a person's view that oil companies are price gouging the consumer?
Wiki User
∙ 10y ago
Loaded Terminology
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How do you explain what is the economic way of thinking?
thinking about how to spend money wisely and ways to help save money.
How group thinking affect effectiveness of group thinking?
Group thinking can reduce the effectiveness of groups by making the members of the group think alike. When this happens, the organization doesn't benefit from different perspectives.
How is the law designed to protect consumers from high interest rates?
Consider who writes the laws regarding the legal amount of interest that can be charged a consumer. And consider who has the clout to get favorable statutes on the books. Congress and banks. It could be argued (and most convincingly) that the law is actually set up to "rip off" consumers as regards interest rates, not protect them. Especially on credit cards. The lobby for the credit card industry - the banks - insures (has insured - it's a fact) that congress sets down the most favorable allowances for their business. The cards have variable interest rates built in. Make one miscue and you'll be made to pay dearly for it. The card companies even have fine print that forces the consumer with a complaint into arbitration rather than allowing a hearing in open court. Who arbitrates? Private arbitration companies. The "arbiters" do (a fantastic!!!!) repeat business with the credit card companies, and a "one-time" transaction with a complaining consumer. Who gets served? Individuals who have had their cards used fraudulently have found no protection in arbitration (even with overwhelming evidence to support their case) and have had to pay. The "regulations" governing banks are modestly well considered, except as regards the issue with credit cards. Straight up, it's legalized usury. And we continue to subscribe to it daily. If ever a consumer issue demanded action, this is it. As an aside, we are, in general, a country of debtors. And poorer people tend to live in greater fear of government and "the establishment" and are more easily governed (read "controlled") by those in power. This is a fact know to politicians and strategic planners as well as to thinking people who consider the complex nature of a society and the dynamics of its action and reaction. Any issue of power is unequivocally tied to the issue of wealth, of money. It's an (over)established fact. And any citizen on the street will give that an "amen". The consumer can expect almost no protection whatsoever from the law in regards to credit card interest. About the only method of fighting back is to carry minimal or no balances on plastic money. Oh, you could always write your congressman. Like that's gonna help....
How did the enlightenment change economic thinking?
what were economic ideas of the enlightenment
What is thinking at the margin?
The opportunity costs and the benefits.
what is objective thinkings?
objective thinking is based on facts
What is difference between objective thinking and prejudiced thinking?
Objective thinking involves considering all available information and evidence in order to make a fair and rational decision, while prejudiced thinking involves forming judgments or opinions based on preconceived notions or biases without considering all available information. Objective thinking typically leads to more logical and fair conclusions, whereas prejudiced thinking can lead to unfair judgments and discrimination.
What kind of consumer is the thorny devIl?
primary consumer im thinking
What is strategic thinking?
it is based on innovations and to achieve the objective.
How did the Renaissance reflect new ways of thinking?
The Renaissance reflected new ways of thinking through a renewed interest in individualism, humanism, and the pursuit of knowledge. It emphasized the importance of human potential, creativity, and critical thinking, leading to advancements in art, science, and philosophy that challenged traditional beliefs and norms.
What psychomotor skills of gifted children are reflected in the early exhibition of skills?
thinking ability
How are the enlightenment thought and the succes of the American and french revolution reflected in bolivar's thinking?
hhh
A consumer products manufacturer wants consumer reaction to its existing products Interaction is considered important to stimulate thinking The firm should use?
A consumer products manufacturer wants consumer reaction to its existing products Interaction is considered important to stimulate thinking The firm should use
What are some examples of objective thinking?
thinking about someone or something based on logic & reality rather than our personal feelings & preferences
What is the main objective of axis bank?
They are still thinking. Once they confirm surely i will post the answer
The ability of willingness to asses claims and to make judgment on the basis of objective and support reasons?
The Answer is " Critical Thinking"
Why are thinking machines no more objective than human beings according to Hofstadter?
Humans program machines and our subjectivity leaks into any human action. We cannot make machines more objective because humans who program them cannot be completely objective.
