In traditional economic models, homo economicus is assumed to be all of the following EXCEPT:
A. cognitively sophisticated.
B. altruistic.
C. highly disciplined.
D. well-informed.
Answer: B
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A sole proprietorship is limited to how many owners?
A) 1 B) 2 C) 10 D) There is no limit to the number of owners.
The beginnings of the New York Stock Exchange can be traced back to a small group of men who bought and sold stock in New York in
A) 1792. B) 1866. C) 1892. D) 1929.
Many Americans have been hurt by recent economic events. Raising the minimum wage is the best policy to improve the wages and employment opportunities of Americans. This argument is
What will be an ideal response?
The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. 
This game is an example of a:
A. credible promise. B. cartel. C. game with multiple equilibria. D. prisoner's dilemma.