The assumption that people do not intentionally make decisions that would leave them worse off is known as
A) the rationality assumption.
B) the microeconomic assumption.
C) the ceteris paribus assumption.
D) the normative assumption.
A
Economics
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Why is market definition important for economic decision making?
A. Government regulators are interested in knowing the effect of mergers and acquisitions on competition and prices in a particular market. B A firm will define its market in order to maximize revenue. C. A firm is interested in knowing its actual and potential competitors. D. both A and C E. both A and B
Economics
An import quota on sugar
A) increases the imports of sugar and lowers its price. B) increases the imports of sugar and raises its price. C) increases the demand for sugar and raises its price. D) decreases the imports of sugar and raises its price.
Economics