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Author Question: Which of the following describes that people cannot examine every possible choice available to them ... (Read 19 times)

Mr3Hunna

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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.


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perkiness

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Mr3Hunna

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

6ana001

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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