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Author Question: A guild is A) an organization of producers that limits the amount of a good produced. B) a ... (Read 110 times)

Alainaaa8

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on: Jun 29, 2018
A guild is
 
  A) an organization of producers that limits the amount of a good produced.
  B) a nation that is a free-market benchmark.
  C) a group of independent producers competing with each other.
  D) a group of nations who agree not to compete with each other.

Question 2

Economists assume that rational people
 
  A) never use all available information as they act to achieve their goals.
  B) respond to economic incentives.
  C) undertake activities that benefit others and hurt themselves.
  D) only weigh the benefits and costs of the most desirable alternative actions.


aruss1303

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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