If individuals are rational, they should choose actions that yield the:
A. largest total benefits.
B. largest economic surplus.
C. smallest total costs.
D. smallest economic surplus.
Answer: B
You might also like to view...
Early population-control efforts focused on the availability of contraceptives. What factors in developing countries call for more integrated efforts?
What will be an ideal response?
Procyclical policy:
What will be an ideal response?
The labor force is the sum of
A) employed workers and discouraged workers. B) employed workers and unemployed workers. C) employed workers and individuals not looking for work. D) unemployed workers and the working-age population.
Which of the following statements is true of the school voucher program in the U.S.?
A. Both Republicans and Democrats advocate against the school voucher program. B. Democrats prefer the school voucher program, whereas the Republicans do not. C. Both Republicans and Democrats prefer the school voucher program. D. Republicans prefer the school voucher program, whereas the Democrats do not.