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nakungth nakungth
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6 years ago
Use the following two statements to answer this question:
I.   According to the three basic assumptions regarding people's preferences,  a person will always prefer to earn a living through honest work rather than a life of crime.
II.   When we say that preferences are complete, we mean that if a consumer prefers market basket A to market basket B, and prefers market basket B to market basket C, then the consumer prefers market basket A to market basket C.
A) Both I and II are true.
B) I is true and II is false.
C) I is false and II is true.
D) Both I and II are false.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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6 years ago
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nakungth Author
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#2
5 years ago
Thank you!
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