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If Fred plays tennis every day, but tells his wife he would rather be working longer hours at his job, economists would say which of
If Fred plays tennis every day, but tells his wife he would rather be working longer hours at his job, economists would say which of the following abOut his behavior, assuming that his work hours are totally up to him. Select one: Q A. Fred has a preference for tennis over work at the times he plays tennis. 0 B. red prefers to work rather than to play more tennis since that is what he tells his wife. Economists are not about to question a person's motives O C. There is no way to model the behavior of someone who claims one thing and does another. 0 D. Fred is irrational because he is not doing what he says he wants to do A fairy offers you and you alone a million free wishes that will all come true. Being a good student of economic methods you know that you SEIBCt one: 0 A. feel quilty because your happiness will fall if you have advantages that others do not have 0 B. are no longer living in a world of scarcity and economic principles will not apply to you anymore O C. are faced with a serious economic problem of scarcity because you don't have time to absorb the benefits of a million wishes. O D. feel unfulfilled since humans cannot be fulfilled unless they strive and compete for pleasure
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