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lmalma lmalma
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5 years ago

Question 1.

In economics, the concept that individuals are motivated by self-interest and respond predictably to opportunities is known as

• empiricism.

• rational behavior.

• normative bias.

• altruism.

Question 2.

The term "labor" for an economist includes

• only the value of the work done by scientists.

• all productive contributions of humankind.

• all skilled workers, but not the unskilled workers.

• all employees who have high school diplomas.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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aishasuaishasu
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5 years ago
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lmalma Author
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#2
5 years ago
Thanks
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