Economic theory asserts that altruistic behavior
A) involves no opportunity cost.
B) is consistent with the assumption of rational self-interest.
C) will not be observed when scarcity is present.
D) is irrational.
Correct Answer:
Verified
Q3: "Using economics" means
A) saving money.
B) eliminating scarcity.
C)
Q4: Wants are goods and services that you
A)
Q5: Opportunity costs arise from
A) scarcity.
B) poverty.
C) poor
Q6: Opportunity costs do not arise when
A) the
Q7: Opportunity cost is always
A) a financial cost.
B)
Q9: Economics has traditionally been referred to as
Q10: Those things we like to have and
Q11: Economics is best defined as the
A) study
Q12: When does a decision NOT result in
Q13: Suppose you have four choices-go to a
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