A rational choice is one that
A) always turns out for the best for the decision maker.
B) creates no costs for the decision maker.
C) uses the available resources to most effectively satisfy the wants of the person making the choice.
D) must be made with perfect information.
E) is made in the social interest rather than the self-interest.
Correct Answer:
Verified
Q39: Q40: In order to make a rational choice, Q41: Suppose you decide to attend summer school Q42: A positive statement Q43: An independent relationship between two variables is Q45: Scarcity exists because Q46: On a graph showing the relationship between Q47: Most economic graphs have two lines perpendicular Q48: In making your decision whether to take Q49: When people make rational choices, they
A)might be right or wrong.
B)cannot
A)some individuals have low income.
B)some
A)weigh the
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