A Rational Decisionmaker

question 153

Multiple Choice

A rational decisionmaker

• A)ignores marginal changes and focuses instead on "the big picture."
• B)ignores the likely effects of government policies when he or she makes choices.
• C)takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
• D)takes an action only if the combined benefits of that action and previous actions exceed the combined costs of that action and previous actions.

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Definitions:

Foreign Nations

Countries that are outside of one's own national borders.

Congress

The national legislative body of the United States, consisting of two chambers: the Senate and the House of Representatives.

Federalism

A system of government in which power is divided between a central authority and constituent political units.

U.S. Constitution

The U.S. Constitution is the supreme law of the United States, establishing the framework for the federal government and the rights of the citizens.