Which of the following is an important aspect of rational self-interest?
a. considering future costs
b. considering past costs
c. considering future causes
d. considering past causes
a. considering future costs
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After investigating an idea to open a rooftop restaurant in the downtown area of your community, you discover that any rooftop restaurant would violate city regulations. These circumstances would not be considered normal due to:
A. innovation. B. market failure. C. intervention. D. goals other than profit.
The traders in the foreign exchange market need to interact personally while exchanging currencies
a. True b. False Indicate whether the statement is true or false
The financial system is important because it helps to match one person's _____ with another person's _____
Fill in the blank(s) with correct word
What balances in balance of payment calculations?
A. the capital and current accounts B. exports and imports C. exports and short-term income balances D. exports minus imports (plus a statistical discrepancy) with short-term income movements