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A Farmer Started Irrigating a Soil Some 10 Years Ago

question 14

Multiple Choice

A farmer started irrigating a soil some 10 years ago but in recent years yields have declined and the soil physical condition has deteriorated.Which of the following most likely accounts for this situation?


Definitions:

Existing patterns

Pre-established modes or paths of action that are typically followed within an organization or society.

Bounded rationality

A concept that human decision-making is limited by available information, cognitive limitations, and time constraints, leading to satisficing rather than optimal decisions.

Behavioral decision theory

A theoretical approach that studies the psychological factors influencing individuals' decision-making processes.

Potential investment

Refers to the opportunity to allocate resources, typically financial, into projects, assets, or ventures, with the expectation of generating a beneficial return over time.

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