Economists Prefer

question 23

Multiple Choice

Economists prefer:

• A)measuring declared preferences for forecasting because participants in a survey always declare the truth.
• B)measuring revealed preferences because it gives more accurate results.
• C)predicting individual behavior as it is easy to collect data from individuals.
• D)predicting individual behavior as it is easy to draw inferences from such data.
• E)measuring revealed preferences because cost-benefit analysis can be conducted with such data

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Definitions:

Intravascular Hemolytic Reaction

Intravascular hemolytic reaction is a medical condition where red blood cells are destroyed inside the blood vessels, leading to symptoms like anemia, jaundice, and in severe cases, kidney failure.

Blood Transfusion

The process of transferring blood or blood-based products from one person into the circulatory system of another.

Normal Saline

A sterile solution of sodium chloride (salt) in water, used in medicine for hydration, wound cleaning, and as a vehicle for administering medications.

Hypertensive Crisis

A severe increase in blood pressure that can lead to stroke, heart attack, or other serious health conditions if not promptly treated.