When economists study the behavior of buyers, they are studying:

Suppose you pre-ordered a non-refundable movie ticket to X-Men: Apocalypse. On the day of the movie you decide that you would rather not go to the movie. According to economists, what is the rational thing to do?

A) You should go to the movie to maximize your utility. B) You should not waste resources. Since you have paid for the ticket you should watch the movie. C) Your should go to the movie to minimize your losses. D) Since the cost of the movie ticket is a sunk cost, it should not influence your decision. Your decision should be based solely on whether you want to see the movie or not.

fannies me, Freddie Mac, and similar government-sponsored enterprises obtain their funds from:

A. issuing commercial paper and bonds. B. the U.S. Treasury. C. the Federal Reserve. D. both the U.S. Treasury and the Federal Reserve.