Multiple Choice
If people follow the rule of rational choice they will choose options that they think will:
A) create more average benefits than average costs
B) create more additional costs than additional benefits
C) create equivalent additional benefits and additional costs
D) create more additional benefits than additional costs
Correct Answer:
Verified
Correct Answer:
Verified
Q140: Which of the following is true?<br>A)Voluntary trades
Q141: Prices communicate information about relative availability of
Q142: Resources are<br>A)scarce for households but abundant for
Q143: Which of the following is false?<br>A)Market prices
Q144: Assume that Colombia can produce 1,000 pounds
Q146: Rational choices:<br>A)are based on a comparison of
Q147: Scarcity:<br>A)exists in command economies.<br>B)exists in market economies.<br>C)exists
Q148: Which of the following observations regarding economic
Q149: Mike can wash a car in 5
Q150: If race-car driving is dangerous, why would