If an event will NOT occur, it has a probability (pr) of

A) 0.
B) 0 < pr < 1.
C) 1.
D) Not enough information to determine.

A

Economics

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Which branch of economics considers that economic agents do not always act rationally?

A) Microeconomics B) Macroeconomics C) Behavioral economics D) Econometrics

Economics

What is the total surplus of a market?

A. the sum of consumer surplus and producer deficit B. the sum of consumer surplus and producer surplus C. the difference between the consumer surplus and producer surplus D. the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell

Economics