Suppose you decide to attend summer school and that this is considered a rational choice. When making this choice,
A) you must ignore the problem of scarcity.
B) you have made a positive statement.
C) you considered the marginal cost and marginal benefit of your choice.
D) you must have considered the social interest.
E) you have used the ceteris paribus assumption.
Correct Answer:
Verified
Q36: If a curve rises and then falls,
Q37: When analyzing graphically the relationship between more
Q38: Normative statements
I. describe how the world is.
Ii.
Q39: Q40: In order to make a rational choice, Q42: A positive statement Q43: An independent relationship between two variables is Q44: A rational choice is one that Q45: Scarcity exists because Q46: On a graph showing the relationship between
A)might be right or wrong.
B)cannot
A)always turns
A)some individuals have low income.
B)some
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