Author Question: Economic reasoning implies that economic agents will make decisions: A) by random selection. B) ... (Read 45 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
Economic reasoning implies that economic agents will make decisions:
 
  A) by random selection.
  B) by comparing the costs and benefits of various options.
  C) solely on the basis of tastes and preferences for various options.
  D) by replicating the choices made by other economic agents.

Question 2

The sum of all planned expenditures for the entire economy at each possible price level is
 
  A) aggregate demand. B) effective demand.
  C) aggregate supply. D) actual expenditures by consumers.



rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

For a complete list of videos, visit our video library