Juanita Is Preparing to Study for Her Economics Final Exam

question 276

Multiple Choice

Juanita is preparing to study for her economics final exam. She tells her friend that she will be happy if she just gets a B, even though she could likely earn an A if she studied harder. Juanita is what Herbert Simon would call a

• A)rational maximizer.
• B)satisficer.
• C)homo economicus.
• D)screener.

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Definitions:

Major Effects

Significant impacts or outcomes resulting from a particular cause or intervention, often used in the context of scientific studies or environmental changes.

Nonrenewable Resource

Resources that cannot be replenished naturally within a human lifespan, such as fossil fuels and minerals.

Electronic Devices

Equipment that uses electrical power to achieve a particular function, including devices like smartphones and laptops.

Sustainability

The ability to maintain or improve environmental, social, and economic conditions for future generations through responsible and careful use of resources.