Why do economists test their hypotheses?
A) to see whether people are motivated by self-interest
B) to see whether their models predict the choices people will make
C) to determine whether government policies have effectively achieved their goals
D) to learn what people are thinking when they make the choices they do
Question 2
Which of the following does NOT describe the intended purpose of the antitrust laws of the United States?
A) to promote competition within the economic system
B) to reduce the power of monopolies
C) to prohibit certain economic activities that promote trade
D) to restrict the formation of monopolies
Monstrous people from distant lands depicted in a fifteenth-century European woodcut.
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