Economics does not study correct or incorrect behaviors but rather it assumes that economic agents behave ________, meaning they make the best decisions given their knowledge of the costs and benefits.
A) equitably
B) rationally
C) emotionally
D) selfishly
Correct Answer:
Verified
Q1: An economic _ is a simplified version
Q2: Holding all other personal characteristics-such as age,
Q4: Economists assume that individuals
A)behave in unpredictable ways.
B)will
Q5: Consider the following statements:
A.Car owners purchase more
Q6: One reason some manufacturing companies have moved
Q7: Which of the following statements about scarcity
Q8: Where do economic agents such as individuals,
Q9: In economics, the term _ refers to
Q10: Suppose that some investors have decided that
Q11: Suppose the U.S.government encouraged new medical school
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