This topic contains a solution. Click here to go to the answer

Author Question: A poll conducted by a national firm finds that most Americans say they care more about safety when ... (Read 76 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
A poll conducted by a national firm finds that most Americans say they care more about safety when buying a car than about fuel efficiency. As a result, a car maker produces a car with many safety features, but it doesn't sell well. This behavior
 
  A) contradicts economic theory because the people didn't do what they said they would do.
  B) contradicts economic theory because it is irrational not to purchase safer cars.
  C) does not contradict economic theory because economists focus on what people do rather than on what they say.
  D) does not contradict economic theory because economic theory only relates to prices and not to features such as safety.

Question 2

Typically, the greater the specialization of resources
 
  A) the less production that takes place.
  B) the greater the bow of the production possibilities curve.
  C) the poorer the country becomes.
  D) the greater the unemployment in the country.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Answer to Question 1

C

Answer to Question 2

B





 

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.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

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.

For a complete list of videos, visit our video library