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The prevalence of trade-offs is a result of the complexity of the world in which we live. Simple situations do not involve trade-offs. You are wandering through the savanna, you are hungry, you come upon a fruit tree bearing delicious, ripe fruit; you eat one. No trade off is involved.
But if you are a busy city dweller, trying to decide whether you should buy a new television set, that is more complicated. There are thousands of other things you could do with the money.
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Explain why some economists argue that payment by cheque is thesame as giving trade credit?
Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
Are trade offs among political purposes inevitable?
Trade off definition - any alternative we give up by making a decision Trade offs occur when decisions are made, and decisions must ALWAYS be made. Politically, and in our daily lives. It's unavoidable. Even dictatorships and communist governments have to make decisions. For example: I SHOULD be doing my homework right now or studying for any school related options I have, instead I am answering this question. Thus, I am losing valuable time that I could be using to do school work. But that's the trade off of my decision. Understand? :)
What economics decision?
a decision that depends on the economy that is currently in place. the decision must depend on the economy of the time that the decision is made.
What is the difference between individual and group decision making?
An individual decision is a decision that was made by one person. A group decision is a decision that was crafted by multiple people.
How does Cuba benefits from international trade?
Cuba receives a portion of every trade made. this money goes to the government which is then used to support social programs, like health care and education. the citizens then grow up with an education and join the work force, while raping little children and having incest. they illegally trade cocaine, and millions get slaughtered every year.
What decision was made about the slave trade?
The decision to abolish the transatlantic slave trade was made by various countries in the 19th century, starting with the UK in 1807 and followed by other nations. The trade was ultimately deemed inhumane and unethical.
Who decides on the trade policy?
Trade policy decisions are typically made by the government, specifically the executive branch, in most countries. This decision-making process involves input from various government agencies, such as the department of commerce or trade representatives, and may also involve consultation with industry stakeholders and trade partners. Ultimately, the government is responsible for setting and implementing trade policies.
What is voluntary exile?
Voluntary migration involve weighing up the advantages and disadvantages prior to a decision being made
What does making a trade off require you to do?
A trade-off means that you are compromising one area to benefit another area. For example, a trade-off in automobile safety is cost. A car could be produced that was very safe, but it would be too expensive. So, we trade-off safety (by reducing it), to get lower cost. Almost every decision, design, or negotiation uses trade-offs. When a decision, design, or negotiation does not have a trade-off (for example, if you could make a safer car cheaper at the same time) then this is an idealized solution which is very rare. So what is required is an analysis of every facet of the design, solution, or agreement, each facet's relationship to each other and the final output, and a decision made to get the best solution based on many competing factors.
Why do you have separation of powers?
So that one branch of government doesn't control every decision made.
What are three important foods people eat every day that involve fermentation?
Bread, cheese, traditionally-made pickles.
What birth control should you take if you have hypothyroidism?
Every patient is unique, the decision needs to be made depending on her needs.
Explain why some economists argue that payment by cheque is thesame as giving trade credit?
Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
What is a rush decision?
A decision made in a rush. In other words a decision which is made quickly and without much thought.
When your 14 year old has a baby who is the custodial parent?
It depends on local legislation but when a minor foolishly has a child social services will usually be involved who may then involve the police or judiciary. A decision will be made by them.
Why is art found in humanities?
every thing that surround us theres an art involve because it was made by different person who had different expressions of thoughts.
Why art found in humanities?
every thing that surround us theres an art involve because it was made by different person who had different expressions of thoughts.
