Business

Business, 16.09.2019 10:00, jetblackcap

Which of the following statements is true of the economics choices that consumers make

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Business, 25.06.2019 12:30, YoungTadoe437

Which of the following statements is true of the economic choices that consumers make

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Business, 12.09.2019 22:30, Dessyj3113

Consider the following statement: "the problem with economics is that it assumes that consumers and firms always make the correct decisions. but we know that everyone makes mistakes." what is the most correct response to this statement? a) economics has a lot of problems such as those that caused the great recession.b) economics assumes that consumers and firms are rational, not that they always make the right decisions.c) economics is a proven field of study, and it has already solved this problem.d) economics does assume that consumers and firms always make the correct decisions.

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