When your outcomes depend on another's choices, asking ________ is the key to good decision making.
A. what the wants and constraints are of those involved
B. what the trade-offs are
C. how will others respond
D. why everyone isn't already doing it
Answer: C
Economics
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A decision made by a rational person
A) is intended to make the person worse off. B) would always make the person wealthier. C) is identical to a decision that would be made by any other person facing the same choices. D) is intended to make the person better off.
Economics
Describe how a Clarke tax is designed and explain how it leads a person to correctly reveal his preferences for a public good.
What will be an ideal response?
Economics