Economic analysis assumes that-09117
Economic analysis assumes that
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.3.
Economic analysis assumes that
for the most part, individuals act out of selfish motives, and it is realistic to assume this is always true.
although individuals are at times selfish and at times altruistic, only their selfish actions may be predicted.
people are basically humanitarian and their actions are therefore difficult to predict.
changes in the personal benefits and costs associated with an activity will exert a predictable influence on human behavior.
