Economists assume people's tastes are
a. determined solely by advertising
b. relatively stable over time
c. quite variable
d. irrelevant to utility analysis
e. identical
B
Economics
You might also like to view...
The concept of externalities means that subsidizing education can be justified on the grounds that as a student becomes better educated, the student will
A) earn a higher income. B) enhance the lives of people around the student. C) make contributions to the student's alma mater. D) none of the above
Economics
Which of the following is an activity of government that is not an activity of private firms?
A. Enforcing involuntary transactions. B. Paying equitable wages. C. Creating positive externalities. D. Pursuing economic efficiency.
Economics