Someone saying that he wants to lose weight, but ordering dessert is an example of:
A. rational decision making.
B. utility-maximizing behavior.
C. rational behavior.
D. irrational behavior.
Answer: D
Economics
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As of 2008, approximately what fraction of U.S. GDP does government purchases now represent?
a. One-half b. Three-quarters c. None; it is not included in GDP d. Two-thirds e. One-fifth
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Which retail operation would have the highest costs per book sold?
a. a small independent bookstore b. a large retail bookstore chain c. an Internet seller of books d. All would have the same costs.
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