If economists are making the assumption that business people try to maximize profits, the best way to determine whether this assumption is useful or not is to
A) see whether it generates accurate predictions about the choices of business people.
B) ask business people whether it is true or not.
C) find out whether U.S. businesses are more profitable than European businesses.
D) take a survey of people and see if they agree with this assumption.
A
Economics
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a. True b. False Indicate whether the statement is true or false
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A major goal of the World Trade Organization is to:
A. Increase the protection of producers against foreign trade competition B. Encourage bilateral trade agreements between nations C. Liberalize international trade among nations D. Maximize tariff revenue for governments
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