A basic assumption made by economists regarding human behavior is:
A) ceteris paribus.
B) rationality.
C) scarcity.
D) equity.
Correct Answer:
Verified
Q5: A central theme of economic thought is
Q6: When human wants and needs exceed the
Q7: Scarcity:
A) does not exist in the real
Q8: Economics assumes that most humans make _
Q9: Rational self-interest predicts that:
A) people will alter
Q11: Where does trade occur?
A) primarily in foreign
Q12: Economics is considered a social science primarily
Q13: Economics starts with the premise that most
Q14: Which of the following is an example
Q15: _ consists of all actual and potential
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