Economists assume that individuals make informed decisions and act in their own self-interest

Indicate whether the statement is true or false

TRUE

Economics

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________ economics prescribes what an individual or society ought to do

A) Normative B) Behavioral C) Positive D) Negative

Economics

Firms that contain some divisions that produce parts and components to be used by other divisions in order to generate finished goods are said to be:

A) horizontally integrated. B) vertically integrated. C) multinationals. D) corporations.

Economics