The economic way of thinking assumes individuals
A) are irrational.
B) are only concerned with "number one" (i.e., themselves).
C) try to advance their own projects.
D) cannot possibly behave in the interests of others.
C
Economics
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The Bureau of Economic Analysis releases its estimate for GDP before it releases its estimate for GDI
A) only for the first quarter of the year. B) only for the first two quarters of the year. C) only for the fist three quarters of the year. D) for all four quarters of the year.
Economics
A business incurs the following costs per unit: Labor - $5/unit; Materials $3/unit and rent - $5000/month. If the firm produces 100 . units a month, the total fixed costs equals
a. $5,000 b. $8,000 c. $13,000 d. $3,000
Economics