Multiple Choice
A rational choice is one that
A) always turns out for the best for the decision maker.
B) creates no costs for the decision maker.
C) uses the available resources to most effectively satisfy the wants of the person making the choice.
D) must be made with perfect information.
E) is made in the social interest rather than the self-interest.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is a macroeconomic
Q2: If a decision is made and it
Q3: A graph shows the average wage of
Q5: A cross-section graph<br>A)is divided into different sections.<br>B)measures
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" In the above,
Q7: A time series graph<br>A)is similar to a
Q8: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" The figure above
Q9: Of the three major economic questions, which
Q10: Economists measure opportunity cost<br>A)as the sum of
Q11: Increasing income tax rates will solve the