Most of us make sensible decisions most of the time, because:
A) we know the cost-benefit principle.
B) subconsciously we are weighing costs and benefits.
C) most people know about the scarcity principle.
D) we conduct hypothetical mental auctions when we make decisions.
Correct Answer:
Verified
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A)every economic situation
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Q45: Your classmates from the University of Chicago
Q47: Economic models claim to be:
A) reasonable abstractions
Q48: Your classmates from the University of Chicago
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Q50: Most people make some decisions based on
Q51: Economic models are intended to:
A) apply to
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