In Analyzing Human Decision and Action, Economists Assume That

question 169

Multiple Choice

In analyzing human decision and action, economists assume that:

• A) Scarcity is more important than choice
• B) Costs are more important than benefits
• C) People's behavior reflects rational self-interest
• D) There are scarce resources in the economy

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Definitions:

Lawful

Conforming to, permitted by, or recognized by law or rules.

Employer

An individual or organization that hires and pays people to perform work or provide services.

Discriminatory

Showing prejudice or bias, particularly in a way that treats an individual or group unfairly based on characteristics such as race, age, sex, or disability.

Disabilities

Physical or mental conditions that limit a person's movements, senses, or activities, affecting their daily life and possibly requiring special accommodations.