One Reason Economists Began to Look at More Effective Coordination

question 63

Multiple Choice

One reason economists began to look at more effective coordination mechanisms is that they began to:

• A) use advanced calculus in their models.
• B) rely more heavily on deductive reasoning.
• C) focus more on people's predictably irrational behavior.
• D) focus more on the assumption that people are rational.

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Definitions:

Density

A measure of mass per unit of volume; the amount of matter contained within a given volume.

Volume

The capacity of space an entity or material possesses.

Mass

A physical property indicating the amount of matter in an object, typically measured in kilograms or grams.

Density

A characteristic indicating the amount of mass contained in a given volume of a material.