Author Question: A rational choice is one that A) must be made with perfect information. B) is made in the social ... (Read 65 times)

ARLKQ · **on:** Jun 30, 2018

A rational choice is one that

A) must be made with perfect information.
B) is made in the social interest rather than the self-interest.
C) creates no costs for the decision maker.
D) always turns out for the best for the decision maker.
E) uses the available resources to most effectively satisfy the wants of the person making the choice.

Question 2

The reference base period that the BLS uses to measure the CPI is

A) 1998-2000. B) 2005. C) 1967-1969. D) 1982-1984. E) 1993-1995.