Economists assume that individuals
A) prefer to live in a society that values fairness above all else.
B) will never take actions to help others.
C) are rational and respond to incentives.
D) behave in unpredictable ways.
C
Economics
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Tobin's model of the speculative demand for money shows that people hold money as a ________ as a way of reducing ________
A) medium of exchange; transaction costs B) medium of exchange; risk C) store of wealth; transaction costs D) store of wealth; risk
Economics
Because of the ________ of vaccinations, economic efficiency would be improved if more people were vaccinated
A) negative externality B) positive externality C) moral hazard D) adverse selection
Economics