When economists assume that people are rational and respond to incentives, they mean
A) people act with kindness. B) people act in their own self-interest.
C) people are altruistic. D) people are selfish.
Question 2
Consider two economies: A and B. In economy A, the work culture is such that people do not mind working for 12 hours a day. On the contrary, in economy B, people work for a maximum of 6 hours in a day. If the culture hypothesis holds, then:
A) the growth rate in both economies are likely to fluctuate randomly.
B) economy A is likely to grow faster than economy B.
C) economy B is likely to grow faster than economy A.
D) both economies are likely to grow at the same rate.
Work Settings for People Earning Master’s and Bachelor’s Degrees in Psychology
Holland’s six basic types of people based on vocational interests (attitudes, abilities, and ...
For millions of people, the United States represents a land of opportunity and freedom from ...
Democracy (or “democratization”) is a global social movement. People all over the world yearn ...
How to solve any rational equation by finding the lowest common denominator (Part 2)
Economic activity as viewed by environment and ecological economists