Economists find that models based on the assumption of rational behavior are robust, because a world in which everyone is rational would function quite similarly to a world in which there are no
a. unexploited profit opportunities.
b. constraints due to scarcity.
c. inefficient markets.
d. barriers to free trade.
a. unexploited profit opportunities.
Economics
You might also like to view...
Financial intermediaries are best described as:
a. informal institutions that provide funds to the government to manage budget deficits. b. institutions that accept deposits and make loans. c. institutions that control the money supply in the economy. d. institutions that provide financial aid to foreign countries. e. individuals who manage other's investment portfolios.
Economics
A monopoly price reflects a good’s marginal utility.
Answer the following statement true (T) or false (F)
Economics