In general,which of the following statements is an accurate description of economists' assumptions about households? Households
A) make consistent decisions,maximize profits,and are the principal users of the factors of production.
B) do not make consistent decisions,maximize satisfaction,and are the principal owners of the factors of production.
C) do not make consistent decisions,maximize profits,and are the principal users of the factors of production.
D) make consistent decisions,maximize utility,and are the principal owners of the factors of production.
E) make consistent decisions,maximize savings,and are the principal users of the factors of production.
Correct Answer:
Verified
Q77: Suppose that one unit of labour can
Q78: The downward- sloping line in the diagram
Q79: With reference to the circular flow of
Q80: A country's production possibilities boundary shows that
A)when
Q81: The diagram below shows two production possibilities
Q83: The diagram below shows two production possibilities
Q84: A farmer selling tomatoes and corn at
Q86: The table below illustrates that,in one
Q87: The diagram below shows two production possibilities
Q134: In a pure market economy,the role of
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