Solved

For Every Choice a Person Makes It Can Be Assumed

Question 145

Multiple Choice

For every choice a person makes it can be assumed that


A) the chooser has full knowledge of the situation.
B) some opportunity cost was involved.
C) there is a fifty-fifty chance the choice was the wrong one.
D) a good is involved and satisfaction is gained.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q140: Explain: "The law of increasing additional cost

Q141: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" The above table

Q142: Economists define technology as<br>A) machines such as

Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q144: All of society's applied knowledge on how

Q146: An outward bowed production possibilities curve illustrates<br>A)

Q147: International trade between two nations increases the

Q148: In every economic system, choices must be

Q149: Economic goods are<br>A) abundant goods, about which

Q150: Briefly explain the concept of opportunity cost.