Examlex
What can result from improper material selection?
Irrational Choice
A decision made contrary to the conventional understanding of economic rationality, not maximizing utility.
Incentives
Rewards or penalties that motivate individuals to perform an action or avoid it.
Economic Analysis
A systematic approach to determining the optimal use of scarce resources, involving comparison of two or more alternatives in achieving specific objectives under the given assumptions.
Personal Benefits
Advantages or gains received personally, often in the context of employment or social welfare.
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