People often make economic decisions they later regret, which shows
A) they failed to acquire additional information up to the point where expected marginal benefit equals expected marginal cost.
B) they failed to behave rationally.
C) they failed to invest as much as they ought to have invested in information.
D) none of the above.
D
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Which of the following will NOT shift the short-run aggregate supply (SRAS) curve?
A) a reduction in the price of a raw material B) technological progress C) a change in the wage rate D) a change in the price level
Savers supply funds to those who want to borrow for their investment spending needs in the:
A. market for loanable funds. B. market for savings. C. market for interest rates. D. stock market.
One of the most widely reported measure of inflation is the consumer price index
Indicate whether the statement is true or false
Other things equal, tax cuts favoring the rich and reductions in funding for government programs favoring the poor would be expected to:
A. increase income inequality, causing the Lorenz curve to bend away from the diagonal line. B. decrease income inequality, causing the Lorenz curve to bend toward the diagonal line. C. increase income inequality, causing the Lorenz curve to bend toward the diagonal line. D. decrease income inequality, causing the Lorenz curve to bend away from the diagonal line.