Economists find that models based on the assumption of rational behavior are robust, because a world in which everyone is rational would function quite similarly to a world in which there are no
a. unexploited profit opportunities.
b. constraints due to scarcity.
c. inefficient markets.
d. barriers to free trade.
a. unexploited profit opportunities.
Economics
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What will be an ideal response?
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When consumer spending is broken down into the major categories of goods and services, the largest single category is spending on transportation
a. True b. False Indicate whether the statement is true or false
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