Multiple Choice
What do economists assume about individuals?
A) That they are rational and respond to incentives.
B) That they prefer to live in a society that values fairness above all else.
C) That they will never take action to help others.
D) That they behave in unpredictable ways.
Correct Answer:
Verified
Correct Answer:
Verified
Q95: Which of the following is a microeconomics
Q148: Soo Jin shares a one-bedroom apartment with
Q150: Figure 1.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Figure 1.1
Q151: Mr Beasley chooses to invest in companies
Q152: An 'economic model' is a simplified version
Q155: Abigail's Auto Art is a company that
Q158: Examining the conditions that could lead to
Q205: One desirable outcome of a market economy
Q206: In a centrally planned economy, the households
Q265: Assume that a doctor can earn an