Multiple Choice
When studying human behavior, economists assume rational self-interest. This means that
A) people make decisions based on some desired outcome.
B) people are quite selfish and are not concerned about others.
C) people always make the right decisions.
D) people have all the information they need to make a decision.
Correct Answer:
Verified
Correct Answer:
Verified
Q271: Normative statements are expressions of facts.
Q272: Answer the question on the basis of
Q273: Rational behavior implies that different people faced
Q274: Imagine an ideal scenario where world peace
Q275: An economic hypothesis<br>A) has the same meaning
Q277: The assertion that "there is no free
Q278: A point or product-combination to the left
Q279: The following graph is the production possibilities
Q280: Purposeful behavior suggests that<br>A) everyone will make
Q281: The production possibilities curve tells us<br>A) the