26. Which of the following is true? a. Economics concerns anything that is consi

Question

26. Which of the following is true?

a. Economics concerns anything that is considered worthwhile to some human being.

b. If we valued leisure more highly, the opportunity cost of working would be lower.

c. Self-interest cannot include benevolence.

d. For a person to be rational implies that he or she always makes the right choice.

e. None of the above are true.

28. The rule of rational choice is that in trying to make themselves better off, people alter their behavior if the expected marginal benefits to them from doing so ________________ the expected marginal cost they will bear.

a. exceed

b. equal

c. are less than

d. Either a. or b.

e. Either b. or c.

Explanation / Answer

26. The correct answer is E. None of the above is true.

28. The correct answer is A.

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