Which of the following describes how economic information is acquired?
A) Acquiring information involves using scarce resources.
B) Acquiring information is usually available free to any decision maker.
C) Acquiring information is usually NOT required for rational decision making.
D) Acquiring information must be complete before any decision is made.

Question

Which of the following describes how economic information is acquired?  
A) Acquiring information involves using scarce resources. 
B) Acquiring information is usually available free to any decision maker. 
C) Acquiring information is usually NOT required for rational decision making. 
D) Acquiring information must be complete before any decision is made.

Quizplus · Accepted Answer

Acquiring economic information requires the use of resources such as time and money, making it a scarce resource.

Which of the Following Describes How Economic Information Is Acquired