Economists generally believe that
A) buyers and sellers have all the information they can use
B) additional information is costly to acquire
C) decision makers have complete knowledge of all the alternatives available
D) economic decisions result from random behavior
E) decision makers never make mistakes
Correct Answer:
Verified
Q71: In economics, marginal means
A)incremental or decremental
B)unimportant
C)level or
Q72: Rational choice by an individual implies
A)the use
Q73: Economic information
A)is usually scarce and costly to
Q74: In economics, the term "marginal" usually refers
Q75: To say that people make marginal decisions
Q77: Economic decision makers will continue to acquire
Q78: When economic choice involves an adjustment to
Q79: Economists believe that
A)people who choose to promote
Q80: Economists believe that people respond in a
Q81: A good economic theory
A)has realistic assumptions
B)contains as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents