When people make decisions that go against their own interests, neoclassical economics explains this to be instances where people are:
A. Intentionally not maximizing their net benefit
B. Ignorant of what their best interests are
C. Simply incapable of making rational decisions
D. Behaving quite rationally
B. Ignorant of what their best interests are
Economics
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If the exchange rate changes from 1.00 euro per dollar to 1.10 euros per dollar, the euro has
A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.
Economics
Competition from substitute goods is more of a threat when switching costs are high
Indicate whether the statement is true or false
Economics