When your outcomes depend on another's choices, asking ________ is the key to good decision making.

A. what the wants and constraints are of those involved
B. what the trade-offs are
C. how will others respond
D. why everyone isn't already doing it


Answer: C

Economics

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Answer the following statement true (T) or false (F)

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What will be an ideal response?

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The slope of the consumption function is equal to: a. the MPC

b. the MPS. c. 1/(1 - MPC). d. MPC - MPS.

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Market economies have air and water pollution, but nonmarket economies

A. have much less pollution. B. have pollution that is much worse than in market economies. C. have about the same amount of pollution as market economies. D. do not generally suffer from external effects of any sort.

Economics