According to the assumption of consumer rationality, a consumer who prefers one head of broccoli to one head of cauliflower, one head of cauliflower to one package of brussel sprouts, and one
a. package of brussel sprouts to one head of cabbage, must prefer a head of cabbage to a head of cauliflower
b. package of brussel sprouts to one head of cabbage, must prefer a head of broccoli to any other vegetable
c. package of brussel sprouts to one head of cabbage, must prefer a package of brussel sprouts to a head of cauliflower
d. package of brussel sprouts to one head of cabbage, must prefer a head of cauliflower to a head of cabbage
e. head of cabbage to one package of brussel sprouts, must prefer the package of brussel sprouts to a head of broccoli
D
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Making choices by selecting the best feasible option, given the available information is referred to as:
A) optimization. B) delegation. C) imposition. D) actualization.
Claims that economic agents have against banks are known as:
A) assets. B) capital. C) deposits. D) liabilities.