A rational person is someone:
A. who doesn't worry about costs and benefits.
B. who only considers the financial benefits and financial costs of making a choice.
C. who does not have well-defined goals.
D. with well-defined goals who tries to fulfill those goals as best as he or she can.
Answer: D
You might also like to view...
The impact of crowding out may be the least
A) when real GDP is above but close to potential GDP. B) during a deep recession. C) when real GDP is below but close to potential GDP. D) during an expansion.
Even if some people are hurt by international trade, the HO model predicts that free international trade improves the standard of living for the country as a whole
Indicate whether the statement is true or false
A, B, and C have the following preferences for fruits: A: apples > bananas > peaches B: bananas > apples > peaches C: apples > peaches > bananas Find the median voter's preference, if any, using a two-phase election
a. Preferences are intransitive. b. Apples c. Bananas d. Peaches
The most recent economic expansion started in
a. 2005 b. 2003 c. 2005 d. 2007 e. 1998