The term “satisficing” for decision-making behavior by many firms was coined by

A. Milton Friedman.
B. Adam Smith.
C. Herbert Simon.
D. Alan Greenspan.


Answer: C

Economics

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Which of the following is not a type of portfolio investment?

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Scarcity and shortages differ in that

A) scarcity is caused by natural disasters and shortages are caused by mistakes people make. B) scarcity is a condition of human life while shortages are usually temporary phenomena related to an imbalance between the amount desired and the amount produced. C) scarcity is a type of shortage but shortage is a broader concept. D) shortages apply to resource markets while scarcity applies to product markets.

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When people forget that money is ________ they often make ________ decisions.

A. liquid; rational B. liquid; irrational C. fungible; irrational D. fungible; liquid

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As the rate of interest on borrowed funds increases, the quantity of investment funds demanded diminishes.

Answer the following statement true (T) or false (F)

Economics