Multiple Choice
Economists usually assume that households
A) make consistent decisions, maximize utility, and are the principal owners of the factors of production.
B) make consistent decisions, maximize savings, and are the principal users of the factors of production.
C) do not make consistent decisions, maximize satisfaction, and are the principal owners of the factors of production.
D) make consistent decisions, maximize profits, and are the principal users of the factors of production.
E) do not make consistent decisions, maximize profits, and are the principal users of the factors of production.
Correct Answer:
Verified
Correct Answer:
Verified
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