Do economists analyze people's thought processes or do they look at what people actually do?

A) Economists focus only on people's thought processes.
B) Economists focus on what people do, not their thought processes.
C) An economist's focus is about half-and-half between actions and thought processes.
D) Macroeconomists focus on thought processes while microeconomists focus on actions.

B

Economics

You might also like to view...

Pizza producers charge one price for a single pizza and almost give away a second one. This is an example of

A) monopoly. B) a barrier to entry. C) behavior that is not profit-maximizing. D) price discrimination. E) rent seeking.

Economics

An economy growing at a steady rate of 2.3 percent per year doubles in size approximately every __________ years

A) 50 B) 35 C) 30 D) 43

Economics