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WebSep 18, 2024 · Rational choice and bounded rationality are some of the normative theories that can help decision-makers to arrive at the best decision. The rational choice theory states that decision-makers make decisions that are most aligned with their personal goals (Amadae, 2016). Contrastingly, bounded rationality states that decision-makers have … WebNational defense is a national public good, as its benefits are enjoyed by citizens of the state. Global public goods are those whose benefits affect all citizens of the world. They encompass many aspects of our lives: from our natural environment, our histories and cultures, and technological progress down to everyday devices such as the ... gel cast for wavy hair
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