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Home Q & A Board Humanities History Anthropology
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Tommiiee Tommiiee
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6 years ago
Which of the following assumptions is formal economic theory based on?
 
  a. The value of a particular commodity decreases as it becomes more scarce.
  b. Only occasionally do people maximize their material well-being.
  c. People, when exchanging goods and services, naturally strive to maximize material well-being and profits.
  d. Families will compete against each other to assert rights of ownership and allocation.
  e. In societies where there is formal market exchange (commercialism), the market will determine all economicactivities of individuals.
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MilkshakeMilkshake
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6 years ago
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Tommiiee Author
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6 years ago
Correct Slight Smile TY
decibul
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Yesterday
Smart ... Thanks!
zbmallo3
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2 hours ago
Brilliant ツ
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