In deciding on how to spend their resources,consumers try to
A) Buy goods at the lowest possible price
B) Choose the combination of goods that yield the highest level of personal satisfaction
C) Choose the combination of goods that costs the least
D) Maximize profit
Correct Answer:
Verified
Q2: The most common form of economic decentralization
Q3: A society's institutions
A) Include the laws and
Q4: Economists think of products as being in
Q5: assume that people are motivated by
A) Human
Q6: Microeconomics
A) Studies individual decision making
B) Studies aggregate
Q7: Which of the following is NOT an
Q8: In a capitalist economy,
A) The state controls
Q9: A _ is an enforceable claim on
Q10: In a free market system
A) There is
Q11: In a communist economy,
A) The state controls
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