Question

To arrive at an economic decision, a paced decision-making model may be used to evaluate __________.

a
productivity
b
only durable goods
c
alternative choices of action
d
only capital goods

Answer 1

A paced decision-making model is used to evaluate alternative choices of action for economic decisions.

Step-by-step explanation:

A paced decision-making model may be used to evaluate alternative choices of action to arrive at an economic decision. This model involves systematically considering and comparing the different options available and assessing their potential outcomes and impacts on the economy. It helps decision-makers make informed choices by analyzing factors such as costs, benefits, risks, and potential returns.

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