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 30 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
YES! Correct, THANKS for helping me on my review

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti
People riding bikes in Netherlands People riding bikes in Netherlands
Despite the globe’s vast social change, people all over the world continue to make race a ... Despite the globe’s vast social change, people all over the world continue to make race a ...
Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ... Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ...
Cereal is the healthy choice for breakfast Cereal is the healthy choice for breakfast
American people aren't the only ones getting bigger—American pets are also putting on pounds American people aren't the only ones getting bigger—American pets are also putting on pounds
Video: Physiology of Asthma

For a complete list of videos, visit our video library