________ recognizes that obtaining any scarce good involves a cost which affects behavior and goal setting
a. The Dagher Theory
b. Fiduciary thinking
c. The Nish-Byer Theory
d. Economic thinking
D
You might also like to view...
There is a side agreement to _______________ that calls for the enforcement of existing worker rights in _______________.
a. the European Union; the European nations b. the World Trade Organization; the less developed nations c. NAFTA; the South American nations d. NAFTA; Mexico, Canada, and the United States
Power plants with the lowest operating costs tend to:
A. have the lowest fixed costs in terms of construction. B. have the highest fixed costs in terms of construction. C. operate on the smallest scale of energy production. D. generate the cleanest energy.
The time it takes the Fed or Congress to change economic policy is
A. a recognition lag. B. an implementation lag. C. a response lag. D. none of the above.
Explain the following statement: “Good decisions typically require marginal analysis, which weighs added costs against added benefits.”
What will be an ideal response?