The assumption of rational self-interest means that economic decision makers
a. have no concern for the welfare of others
b. consider the welfare of others to be more important than their own happiness
c. know with certainty which choice will have the best result
d. make reasonable decisions based on their expectations of results
e. do not make incorrect decisions or bad choices
D
Economics
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For monopoly
A) the four-firm concentration ratio is 100. B) the Herfindahl-Hirschman Index is 10,000. C) there is only one firm in the industry. D) All of the above answers are correct.
Economics
Suppose interest rates are kept very low for a long time such that there is a spike in the amount of lending. Everything else held constant, this could cause ________ bubble
A) an irrational exuberance B) a credit-driven C) a stock D) a debt-driven
Economics