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Author Question: _________ is a decision-making process that weighs the total expected benefits of a decision ... (Read 291 times)

lbcchick

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_________ is a decision-making process that weighs the total expected benefits of a
  decision against the total expected costs, and supports the decision with the greatest
  expected net benefit
 
  a. opportunity cost
  b. trade-off
  c. cost/benefit analysis
  d. comparative advantage

Question 2

Which of the following would be a definition for the invisible hand ?
 
  a. corporations are like an invisible hand that guide self-interested people to
  create good outcomes, without the need for any special ethical motives and
  without the need for individuals to intend this result.
  b. governments are like an invisible hand that guide self-interested people to
  create good outcomes, without the need for any special ethical motives and
  without the need for individuals to intend this result.
  c. markets are like an invisible hand that guide self-interested people to create
  good outcomes, without the need for any special ethical motives and without
  the need for individuals to intend this result.
  d. employers are like an invisible hand that guide self-interested people to
  create good outcomes, without the need for any special ethical motives and
  without the need for individuals to intend this result.



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angrybirds13579

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Answer to Question 1

C

Answer to Question 2

C




lbcchick

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Reply 2 on: Jun 19, 2018
Wow, this really help


frankwu0507

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

 

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