Decision Makers Construct Simplified Models That Extract the Essential Features

question 6

Multiple Choice

Decision makers construct simplified models that extract the essential features from problems without capturing all their complexity. That is, they operate within the confines of ________.

• A) optimal decision making
• B) intuitive decision making
• C) bounded rationality
• D) rationality
• E) common sense

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Definitions:

Liberal Intellectuals

Thinkers and scholars who advocate for progressivism, freedom, equality, and the expansion of civil rights, often engaging in political, social, and cultural analysis.

Civil Liberties

Fundamental individual rights protected by law against unwarranted governmental or other interference, including freedom of speech, right to privacy, and the right to a fair trial.

Progressive Era

A period of widespread social activism and political reform in the United States, from the 1890s to the 1920s, targeting issues like corruption, inequalities, and economic reforms.

New Deal Reforms

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s aimed at restoring prosperity and helping Americans during the Great Depression.