Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 19.3, Problem 3ST
To determine
Explain whether the economist uses different preferences to explain different behaviors.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Political biases have no impact on an economist’s opinions? True or False
This is an economics-based multiple-choice question...
Which of the following facts could not be explained by path-dependence?
(choose one)
A) Sue lives in the city in which she was born.
B) Maria likes to cook the dishes her mother used to cook.
C) Vanessa is the first person in her family to go to college.
D) Ahmed has played piano since he was four years old.
A model of saintlihood and altruism, when Mother Teresa accepted the Nobel Prize for Peace in October 1979 and decided to use the $190000 award to build a hospital for the treatment of people with leprosy, was she acting in her own interests? was she behaving selfishly? was she economizing?
Knowledge Booster
Similar questions
- A central idea of economics is that by observing changes in ________, we can predict how choices change. enticements motivation incentives inducementarrow_forwardAccording to economists, economic self-interest: is a reality that underlies economic behavior. has the same meaning as selfishness. is more characteristic of men than of women. is usually self-defeating.arrow_forwardWhich scenario illustrates initiative as a motivator for behavior change? José notices that he doesn’t feel well when he drinks milk, so he eliminates milk from his diet. Alan’s girlfriend will buy him a new shirt if he stops using chewing tobacco. Gretchen thinks about how happy her doctor will be when he hears that she has been exercising regularly. Mike decides to take boxing lessons so that he can defend himself from bullies.arrow_forward
- Do you agree or disagree with Maslow’s assumption that people naturally want to be self-actualized? Explain with details and examplesarrow_forwardWhy is the answer different to the answers for this question? The questions are all the same.arrow_forwardSelect the correct answer. Which form of relativism states that people rely on their own standards of right and wrong when making a decision? A. naïve relativism B. role relativism C. social relativism D. cultural relativism E. habitual relativismarrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning