"Goal-oriented behavior" can best be described as:
A) market participants using complete information to achieve objective ends.
B) market participants using available information to achieve their personal aims.
C) market participants trying to maximize social welfare.
D) all market participants maximizing their efficiency to improve aggregate income.
Correct Answer:
Verified
Q33: Petroleum oil is an example of:
A)a renewable
Q34: The _ is the absolute price of
Q35: Opportunity cost is the equivalent of:
A)explicit cost.
B)implicit
Q36: When analyzing events across time,economists measure consumer
Q37: Opportunity cost is calculated as:
A)sunk cost plus
Q39: Which of the following is not an
Q40: The explicit cost of production equals:
A)opportunity cost
Q41: The downward slope of the production possibility
Q42: After spending $5 million developing a new
Q43: If a production possibility frontier is drawn
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