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

Author Question: Economists assume people behave rationally, which means that people A) never make a mistake. B) ... (Read 120 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Economists assume people behave rationally, which means that people
 
  A) never make a mistake.
  B) do not intentionally make decisions that make themselves worse off.
  C) have the necessary information to always make correct decisions.
  D) always understand the consequences of their decisions.

Question 2

If price increases and the quantity purchased increases, we know that
 
  A) supply increased.
  B) supply decreased.
  C) demand increased.
  D) demand decreased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kescobar@64

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
:D TYSM

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Work Settings for People Earning Master’s and Bachelor’s Degrees in Psychology Work Settings for People Earning Master’s and Bachelor’s Degrees in Psychology
Older people who experienced stressful events in their younger years may show personal growth and ... Older people who experienced stressful events in their younger years may show personal growth and ...
Ads from the public service campaign in the late 1960s and early 1970s that encouraged people to get ... Ads from the public service campaign in the late 1960s and early 1970s that encouraged people to get ...
Using the fingertips of one hand, make contact with an area on the back with high fascial ... Using the fingertips of one hand, make contact with an area on the back with high fascial ...
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
Using the Ti plasmid to make a transgenic plant Using the Ti plasmid to make a transgenic plant
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library