Economic theory assumes people want
A) material goods primarily.
B) money in preference to all other goods.
C) more of everything.
D) to advance the projects in which they are interested.
E) what serves selfish rather than altruistic goals.
D
You might also like to view...
The data in the table above are the U.S. balance of payments. What is the capital and financial account balance?
A) $0 B) $150 billion C) -$350 billion D) -$150 billion
Refer to Figure 5-9. An efficient way to get the firm to produce the socially optimal output level is
A) to grant a subsidy to enable the industry to internalize the external costs of production. B) to assign property rights to the firms in the industry. C) to impose a tax to make the industry bear the external costs it creates. D) for government to set a quota on the quantity of toilet paper that the toilet paper industry can produce.