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 56 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
Excellent

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Earthquakes Don’t Kill People—Collapsing Buildings Do Earthquakes Don’t Kill People—Collapsing Buildings Do
A farmer with a pitchfork, wearing a hat identifying him as a Granger, warns of an oncoming “Consoli A farmer with a pitchfork, wearing a hat identifying him as a Granger, warns of an oncoming “Consoli
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
Stand over a rocker base to make weight shifts. Stand over a rocker base to make weight shifts.
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
Temperature Means and Ranges Temperature Means and Ranges
Video: Osmosis - Isotonic, Hypotonic, and Hypertonic​ Solutions

For a complete list of videos, visit our video library