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Author Question: Which of the following best describes an assumption economists make about human behavior? A) They ... (Read 37 times)

CBme

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on: Jun 29, 2018
Which of the following best describes an assumption economists make about human behavior?
 
  A) They assume that people take into account the question of fairness in all decisions they make.
  B) They assume that individuals act rationally all the time in all circumstances.
  C) They assume that rational behavior is useful in explaining choices people make even though people may not behave rationally all the time.
  D) They assume that individuals act randomly.

Question 2

Economists assume that
 
  A) people put other people's interests ahead of their own.
  B) individuals behave in unpredictable ways.
  C) consumer behavior is explained by the existence of unlimited resources.
  D) optimal decisions are made at the margin.


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hramirez205

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

C

Answer to Question 2

D


CBme

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Reply 2 on: Jun 29, 2018
Excellent

chereeb

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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