This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to Max Weber, the Protestant world view that encouraged hard work and saving was crucial ... (Read 44 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 30, 2018
According to Max Weber, the Protestant world view that encouraged hard work and saving was crucial to industrialization and the development of capitalism. Which hypothesis is this view based on?
 
  A) The geography hypothesis B) The location hypothesis
  C) The institutions hypothesis D) The culture hypothesis

Question 2

What is meant by the term optimization? What do economists usually believe about how individuals optimize?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

okolip

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

Choosing the best option from a set of feasible alternatives is referred to as optimization. Whatever choice a person faces, economists believe that he or she is likely to try to choose optimally. Economists don't assume that people always successfully choose the best feasible option, but that people try to do so and usually do a good job with whatever potentially limited information they have. This doesn't mean that people are always perfect calculators. Instead, economists believe that people's behavior is only approximated by optimization. In other words, they believe that an agent's actual choice will sometimes differ from that person's optimal choice.


littleanan

  • Member
  • Posts: 575
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Thorax Anterior view of human body Thorax Anterior view of human body
Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan. Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan.
A schematic view of ribosome subunit rotational motions, based on crystal structures of ribosomes A schematic view of ribosome subunit rotational motions, based on crystal structures of ribosomes
Fertility in the Developing World Fertility in the Developing World
The Great Spike in World Population Growth The Great Spike in World Population Growth
Becker's World of the Cell Becker's World of the Cell
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library