If People Make Decisions Without All Needed Information,what Type of Conflict

question 61

Multiple Choice

If people make decisions without all needed information,what type of conflict will be the likely result?

• A)Differences of opinion
• B)Competing goals
• C)Faulty assumptions
• D)Relational issues
• E)Ego issues

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Definitions:

Economics

Social science that analyzes the choices people and governments make in allocating scarce resources.

Substitute Goods

Products or services that can serve as replacements for each other, satisfying similar customer needs or desires.

Macroeconomic Effect

Refers to the large-scale impacts on an economy, including changes in inflation, unemployment, gross domestic product, and national income.

Microeconomics

studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.