1-A demand curve shows the graphical relationship between price and
2-Making an economically rational decision requires
considering all prospective marginal benefits and marginal costs to oneself.
none of the answers is correct
always considering the long-run.
equal consideration for your own and others’ welfare
3- Because of our limited money, time, and effort, we are best off when we allocate those things…
Question 21 options:
by choosing what society as a whole would want.
with the objective of maximizing opportunity costs.
by constantly assessing the opportunity costs of our choices.
none of the above