The suggestion that people are "satisficers" is similar to the view that people
a. are wealth-maximizers.
b. exhibit "bounded rationality."
c. go to a lot of trouble to weigh costs and benefits before choosing a course of action.
d. change their minds often.
b
Economics
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The law of demand for dollars in the foreign exchange market means that the
A) lower the exchange rate, the greater the quantity of dollars demanded. B) higher the exchange rate, the smaller the quantity of dollars demanded. C) lower the exchange rate, the smaller the quantity of U.S. exports demanded. D) Both answers A and B are correct.
Economics
The FDIC must take steps to close down banks whose equity capital is less than ________ of assets
A) 4% B) 3% C) 2% D) 1%
Economics