What is individually rational is collectively irrational?

What is individually rational is collectively irrational? To reiterate, individual rationality manifests itself in a ‘sensible’ individual decision or action following the principle we put forth earlier. Collective irrationality is just the opposite at a larger social scale, and we can loosely define it as a collectively unsound or unreasonable behavior of a group. What […]

What is a Jewish religious leader called?

What is a Jewish religious leader called? Jewish people worship in holy places known as synagogues, and their spiritual leaders are called rabbis. What do we call the leader and teacher in a Jewish place of worship? The services in the synagogue are led by a religious leader called a rabbi, which means ‘Teacher’ in […]

What is the relationship between start up costs?

What is the relationship between start up costs? What is the relationship between start-up costs and a competitive market? (1 point) Markets with high start-up costs are less likely to be perfectly competitive. Markets with high start-up costs are more likely to be perfectly competitive. Low start-up costs are likely to make a market less […]

How does geography affect Canada?

How does geography affect Canada? Similar to Russia and Australia, Canada is a vast and—to a large degree—uninhabitable country due to climate and/or terrain. Geography has played a major role in how the country has developed. It affects national and provincial politics, transportation and trade, and national security and foreign policy. How did physical geography […]

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