When economists say that people choose rationally, this means
A) they gather all relevant information before making their purchases
B) once a pattern of behavior has been established, people tend to become set in their ways
C) people respond in predictable ways to changes in costs and benefits
D) people rarely make errors when they are permitted to make transactions
E) once made, decisions are never reversed
Correct Answer:
Verified
Q140: A tradeoff exists between a clean environment
Q141: A rational decision maker takes an action
Q142: When economists say an individual has made
Q143: Which of the following is true?
A) Changes
Q144: Which of the following is most consistent
Q146: Which of the following is not consistent
Q147: The most fundamental concept in economics is
Q148: When an individual weighs her options and
Q149: The economic way of thinking stresses that
A)
Q150: The economic way of thinking stresses that
A)
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