The second stage of economic analysis includes asking
A) if the process an individual uses to make decisions is rational or not.
B) what may cause preferences to change.
C) how the optimal solution would change if constraints change.
D) what other criteria might be used to evaluate an outcome.
Correct Answer:
Verified
Q21: While the model of supply and demand
Q22: If an activity is worth pursuing at
Q23: Efficiency is the only criterion by which
Q24: According to the equimarginal principle,if the marginal
Q25: The fact that grocery stores and convenience
Q27: The problem that economists consider is how
Q28: The economic model of supply and demand
Q29: The most basic concepts on which the
Q30: An economic model,even if unrealistic,is useful as
Q31: Economic models start with the assumption of
A)
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