Economists believe that individuals act as if they are motivated by self-interest and:
A) respond selfishly.
B) respond in predictable ways to changing circumstances.
C) it leads to inconsistent and unpredictable behavior.
D) all of the above.
Correct Answer:
Verified
Q83: Microeconomics:
A)provides an overall view of the economy
Q84: Macroeconomics:
A)is narrower in scope than microeconomics.
B)analyzes mergers
Q88: The branch of economics that studies the
Q89: Measuring the rate of inflation is primarily
Q90: The branch of economics that focuses on
Q91: Economists believe that individuals act as if
Q91: Microeconomics primarily models:
A)the overall economy.
B)the behavior of
Q93: Macroeconomic topics do not generally include:
A)inflation.
B)aggregate demand.
C)government
Q98: Most of economic analysis assumes that people's
Q99: The determination of prices in the market
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