Which of the following is not true?
A) Economics is the study of the allocation of scarce resources to satisfy unlimited wants for goods and services.
B) Scarcity is the problem that our wants exceed our limited resources.
C) Economists assume that self-interest is the motivation behind economic behavior, and so respond in predictable ways to changing circumstances.
D) Economists believe that it is rational for people to anticipate the likely future consequences of their behavior.
E) All of the answers are true.
Correct Answer:
Verified
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