Among the evidence that people do not always make choices that reflect sensible preferences are examples of:
A. choice reversals.
B. conformance to the principle of revealed preference.
C. compliance with the Ranking Principle.
D. All of these provide evidence that people do not always make choices that reflect sensible preferences.
A. choice reversals.
Economics
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Output growth is the growth rate of output of the entire economy.
Answer the following statement true (T) or false (F)
Economics
Market structure
a. has no influence on a firm's decision making b. applies only to industries regulated by the government c. is determined entirely by demand conditions in the industry d. influences the forms of competition among firms e. does not affect product price or quantity of output
Economics