Consumers express self-interest when they:
A. Seek the lowest price for a product
B. Reduce business losses
C. Collect economic profits
D. Exclude others in their thinking
Answer: A
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_____ is a resource whose quality is most often enhanced by technological change
a. Capital b. Land c. Labor d. Entrepreneurship e. Credit
A bank provides:
A. risk diversification; that is, connecting buyers and sellers to ease saving and borrowing. B. liquidity; that is, access to cash when and where you want it. C. liquidity; that is, it connects buyers to sellers to ease saving and borrowing. D. risk diversification; that is, access to cash when and where you want it.
If a scalper for the Super Bowl is able to charge $5,000 for a front-row seat, this suggests that
A. at the regular price, the quantity of Super Bowl tickets demanded equals the quantity supplied. B. at the regular price, there is a shortage of Super Bowl tickets. C. the scalper is making the football fan worse off. D. at the regular price, there is a surplus of Super Bowl tickets.
Which of the following was signed in Paris in 2015?
A. the Protocol on World Pollution B. the Zero Greenhouse Gas Agreement C. the Treaty on Global Warming D. the Agreement on Climate Change