Author Question: Which of the following describes that people cannot examine every possible choice available to them ... (Read 28 times)

Mr3Hunna · **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.