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Microeconomics Review questions #1
About this Free Flashcard Deck
Last update by
Roger
on 02/03/2013
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Microeconomics Review questions #1
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Flashcard Deck Tags
Economics
,
Microeconomics Review questions #1
Flashcard Review
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When economists say that people act ...
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A person should consume MORE of ...
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Economics may best be defines as the ?
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The study of economics is primarily ...
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The economic perspective entails?
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Purposeful behavior means that?
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ceteris paribus mean
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what is capital resource
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An economic hypothesis?
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Economics thories?
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Free Flashcard From Microeconomics Review questions #1
Question:
When economists say that people act rationally in their self interest, they mean that individuals?
Answer:
look for and pursue opportunities to increase their utility.