All points below the budget line are
A) inferior to every point on the budget line.
B) preferred to every point on the budget line.
C) affordable.
D) Answers A and C are correct.
C
Economics
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Forecasts based on the extrapolation of observed trends and relationships are likely to be accurate, if ________
A) changes in expectations are properly considered B) policy actions are anticipated C) economic behavior is guided by rational expectations D) policy changes are understood to be permanent
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If Individual A and Individual B face a prisoner's dilemma, the ideal strategy is for: a. Individual A to confess and Individual B to not confess. b. Individual B to confess and Individual A to not confess. c. both individuals to confess
d. both individuals to not confess.
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