Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11.A rational decision is one that a. satisfies all desires. b. avoids the intentional allocation of resources. c. assigns available resources in the manner most

image text in transcribed
image text in transcribed
11.A rational decision is one that a. satisfies all desires. b. avoids the intentional allocation of resources. c. assigns available resources in the manner most preferred by decision makers. d. assigns available resources to the uses with the lowest opportunity costs. 12. The economic problem of scarcity a. is unique to a capitalist economy. b. requires that choices be made among alternatives. c. disappears as technology advances. d. affects only less-developed countries. 13.Economics is generally concerned with a. the operation of banks and the stock market. b. business management. c. how resources are allocated among alternative goals. d. the right time to start a business

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managers And The Legal Environment

Authors: E. Bagley

9th Edition

1337555177, 978-1337555173

More Books

Students also viewed these Economics questions

Question

If the person is a professor, what courses do they teach?

Answered: 1 week ago

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Question

8. How can an interpreter influence the message?

Answered: 1 week ago