Using Which Type of Decision Rule Does a Consumer Set

question 101

Multiple Choice

Using which type of decision rule does a consumer set a minimum, but usually high, mental cutoff for various features and select the product that meets or exceeds this cutoff on any feature?

• A) compensatory
• B) conjunctive
• C) disjunctive
• D) elimination-by-aspects

---

Definitions:

Exports

Goods and services produced in one country and sold to buyers in another, contributing to a country's GDP.

Purchasing-Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to assess their purchasing power equivalence.

Inconsistency

Lack of coherence or uniformity in actions, statements, or conditions.

Purchasing-Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to evaluate the relative purchasing power of the countries.