Examlex
Christine recently read Blink: The Power of Thinking without Thinking by Malcolm Gladwell and she is trying to explain the concept of "thin-slicing" to her colleagues. Which of the following statements could she use to best describe the concept of "thin-slicing"?
Allocates Resources
the process of distributing available resources among various uses to achieve optimal outcomes or objectives.
Economic Freedom
The degree to which individuals and businesses can make economic decisions without government intervention.
Central Planning
A system where the government or a centralized authority makes all decisions about the production and distribution of goods and services.
Industry Output
The total production of goods and services by all firms in a particular industry over a specific time period.
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