Economic Analysis Is Based on the Premise That

question 198

Multiple Choice

Economic analysis is based on the premise that

• A) people act only out of selfish motives.
• B) people are always fully informed when making choices.
• C) changes in the personal benefits or costs of an action influence behavior in a predictable way.
• D) most human behavior is unpredictable.

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Definitions:

Action Potential

A temporary reversal of the electrical polarization of the membrane of a neuron or muscle cell, allowing for the transmission of signals.

Neuron

A cell of the nervous system that transmits information through electrical and chemical signals.

Postsynaptic Potential

A change in membrane potential of the postsynaptic terminal of a synapse, typically induced by the binding of neurotransmitters.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the brain and nervous system.