Which of the following is an example of bounded rationality?
a. The Japanese leader made a trade agreement with Sweden because doing so gave Japan an economic advantage.
b. Because the Japanese leader liked the Swedish leader, he was more willing to make a trade agreement with Sweden.
c. The Swedish leader refused to make a trade agreement with Japan because he got a better deal with China.
d. The Swedish leader bargained with the Japanese leader for a better trade deal for his country.
b. Because the Japanese leader liked the Swedish leader, he was more willing to make a trade agreement with Sweden.
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