The interaction of economic decision makers:
A) is not based on marginal analysis.
B) determines how an economy's resources are allocated.
C) is not important in economic analysis.
D) occurs infrequently.
E) does not involve ordinary citizens.

Question

Quizplus · Accepted Answer

The interaction of economic decision makers is important in economic analysis as it determines how an economy's resources are allocated. Marginal analysis plays a significant role in this interaction as well, as decision makers consider the benefits and costs of each choice they make.

The Interaction of Economic Decision Makers