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 109 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
Gracias!

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

In 2006 an Iraqi tribunal convicted Saddam Hussein of murdering his own people and sentenced him to In 2006 an Iraqi tribunal convicted Saddam Hussein of murdering his own people and sentenced him to
Children with autism generally prefer interacting with objects over people. Children with autism generally prefer interacting with objects over people.
Some people have begun to “attend” church as avatars. Some people have begun to “attend” church as avatars.
U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ... U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ...
Fingertip kneading along the paraspinal muscles from shoulders to buttocks. Check to make sure all ... Fingertip kneading along the paraspinal muscles from shoulders to buttocks. Check to make sure all ...
Biomass can be processed to make vehicle fuels Biomass can be processed to make vehicle fuels
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library