Agricultural Efficiency in Canada Has Shown Only Slight Improvement in the Last

question 34

True/False

Agricultural efficiency in Canada has shown only slight improvement in the last century because only a small percentage of the population works in agriculture.

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Definitions:

Satisfice

To select the first alternative that is “good enough,” because the costs in time and effort are too great to optimize.

Bounded Rationality

A concept suggesting that individuals make decisions based on the limited information available to them and within the constraints of their cognitive capacity.

Optimizing

The process of making something as effective, perfect, or functional as possible, often by choosing the best option from a set of alternatives.

Programmed Decisions

Decisions that are routine and repetitive, often made using established guidelines or procedures.