In the Context of the Human Compromises in Decision Making

question 30

Multiple Choice

In the context of the human compromises in decision making, _____ interferes with good decisions when the decision maker focuses more on justifying an alternative than on weighing alternatives against previously defined criteria.

• A) rationalization
• B) simplification
• C) personification
• D) generalization

---

Definitions:

Unemployment Insurance

A government program that provides temporary financial assistance to individuals who are unemployed through no fault of their own.

Discouraged Workers

Individuals not actively seeking employment due to believing no jobs are available for them, not considered in the count of the unemployed.

CPI

By analyzing the weighted average prices of a diverse assortment of consumer products and services, including transportation, medical care, and food, the Consumer Price Index calculates the overall average price.

Base Year

A specific year against which economic growth is measured, serving as a comparison point for other years.