Multiple Choice
The economic perspective entails
A) irrational behavior by individuals and institutions.
B) a comparison of marginal benefits and marginal costs in decision making.
C) short-term but not long-term thinking.
D) rejection of the scientific method.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: In a curved graph that is dome-shaped,
Q14: The economic principle that the "unemployment rate
Q15: Specialization and international trade allow a nation
Q16: "Macroeconomics is the part of economics concerned
Q17: In deciding whether to study for an
Q18: Which of the following would not be
Q21: The production possibilities curve has<br>A) a positive
Q22: The opportunity cost to a consumer who
Q23: Which of the following terms implies the
Q24: What is the best economic explanation for