_________ is a thinking and information-gathering process involving a series of decisions
a. Planning
b. Acting
c. Sequencing
d. Brainstorming
A
You might also like to view...
In the monopolistic competition model, firms earn zero economic profits in long-run equilibrium
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of an externality?
A. Drug abuse affecting David’s health B. Sara taking a break from work C. A transaction between two parties, affecting them alone D. Tom’s smoking affecting his roommate’s health
Institutional barriers that impede human and physical capital investment are known as
A. The discouraged worker gap. B. An illiteracy trap. C. The human capital effect. D. An inequality trap.
Chris has a one-hour break between classes every Wednesday. Chris can either stay at the library and study or go to the gym and work out. The decision Chris must make is:
A. not an economic problem because it's an hour that Chris has no matter what he does. B. an economic problem because Chris has only one hour, and engaging in one activity means giving up the other. C. not an economic problem because neither activity costs money. D. an economic problem because the tuition Chris pays covers the cost of both the gym and the library.