Economists Believe That Individuals Respond in a Predictable Way to Changes

question 82

Multiple Choice

Economists believe that individuals respond in a predictable way to changes in costs and benefits.The term that best describes this belief is

• A)opportunity cost
• B)demand
• C)supply
• D)scarcity
• E)rational behavior

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Definitions:

Muscle Contraction

The shortening and/or development of tension within a muscle, allowing for movement and force generation.

Blood Clotting

The process by which blood changes from a liquid to a gel, forming a clot to stop bleeding.

Nerve Impulse

An electrical signal that travels along the nerve fiber, enabling communication between neurons or between neurons and muscles.

Intracellular Enzymes

Enzymes that operate within cells, facilitating biochemical reactions necessary for cellular metabolism and processes.