This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following best describes an assumption economists make about human behavior? A) They ... (Read 58 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
Which of the following best describes an assumption economists make about human behavior?
 
  A) They assume that people take into account the question of fairness in all decisions they make.
  B) They assume that individuals act rationally all the time in all circumstances.
  C) They assume that rational behavior is useful in explaining choices people make even though people may not behave rationally all the time.
  D) They assume that individuals act randomly.

Question 2

Economists assume that
 
  A) people put other people's interests ahead of their own.
  B) individuals behave in unpredictable ways.
  C) consumer behavior is explained by the existence of unlimited resources.
  D) optimal decisions are made at the margin.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


CBme

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

20 weeks old human fetus 20 weeks old human fetus
Conservation of synteny between human and mouse Conservation of synteny between human and mouse
Commensal Bacteria in the Human Small Intestine Commensal Bacteria in the Human Small Intestine
Overview of fat digestion, absorption, storage, and mobilization in the human Overview of fat digestion, absorption, storage, and mobilization in the human
How Chemical Engineer Make a Orange How Chemical Engineer Make a Orange
How to make pancakes How to make pancakes
Video: Nervous pathway to the Neuromuscular (NMJ)

For a complete list of videos, visit our video library