A _____ Decision Is Always Made by an Outer Selection

question 14

Multiple Choice

A _____ decision is always made by an outer selection structure.

• A) dynamic
• B) static
• C) primary
• D) secondary

Distinguish between the effects of technological advances and resource costs on supply.

Recognize the impact of natural disasters on supply and demand.

Explain the concept of opportunity cost and its importance in economic decision-making.

Describe how changes in supply and demand affect market equilibrium and producer surplus.

---

Definitions:

VALS Framework

A psychographic segmentation tool that classifies consumers based on their values, attitudes, and lifestyles.

Psychological Resources

Mental and emotional assets that help individuals cope with life's challenges, such as resilience, self-esteem, and optimism.

Material Resources

Physical or tangible assets that are used in the production or supply of goods and services.

Survivors

Individuals or entities that remain active or viable after a particularly challenging period or event, often having adapted to new conditions.