This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following describes that people cannot examine every possible choice available to them ... (Read 51 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
Which of the following describes that people cannot examine every possible choice available to them but instead use simple rules of thumb to sort among the alternatives that happen to occur to them?
 
  A) self-interest
  B) bounded rationality
  C) ceteris paribus
  D) normative economics

Question 2

If the price of one good goes up and the demand of a related good goes down, the two goods are
 
  A) complements.
  B) substitutes.
  C) inferior goods.
  D) normal goods.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jun 29, 2018
Gracias!

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Calcium consumption is essential for all people Calcium consumption is essential for all people
The energy set-point view that is the basis of many people’s thinking about hunger and eating. The energy set-point view that is the basis of many people’s thinking about hunger and eating.
People using walkers typically have a high level of mobility impairment. People using walkers typically have a high level of mobility impairment.
Societal pressure to be thin can cause people to feel fat Societal pressure to be thin can cause people to feel fat
Sensory Crossover Device for Visually Impaired People Sensory Crossover Device for Visually Impaired People
People who are color-blind see colors differently. (a) Those with normal vision see the red leaves. People who are color-blind see colors differently. (a) Those with normal vision see the red leaves.
Video: Causes of Angina

For a complete list of videos, visit our video library