Jose is rational if he
A) does not intentionally make decisions that would leave him worse off.
B) never makes a mistake in his life.
C) only responds to rewards that involve money.
D) always uses a model or mathematical formula to help him make a decision.
Correct Answer:
Verified
Q116: Economists assume that people are motivated by
A)
Q117: Prices provide signals about resource allocation to
Q118: One major assumption of economics is that
Q119: If people act as if they systematically
Q120: In a market system, _ provide signals
Q122: Incentives are
A) potential rewards available if a
Q123: The potential rewards that are available to
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Q125: The rationality assumption says that
A) people do
Q126: People respond to incentives
A) by ignoring negative
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