Economists generally assume that people make ________ decisions that ________ be modeled.
A) predictable,repeatable; cannot
B) predictable,repeatable; can
C) unpredictable,repeatable; can
D) unpredictable,repeatable; cannot
E) predictable,unrepeatable; cannot

Question

Quizplus · Accepted Answer

Economists assume that people make decisions that are predictable and repeatable, and therefore can be modeled. This allows economists to use mathematical models and formulas to analyze and predict consumer behavior and market outcomes.

Economists Generally Assume That People Make ________ Decisions That ________

Economists Generally Assume That People Make Decisions That