《Sec 1.1 MC How People Make Decisions》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、1. Theadage,"Thereisnosuchthingasafreelunch,"means a. evenpeopleonwelfarehavetopayforfood. b. thecostoflivingisalwaysincreasing. c. peoplefacetradeoffs. d. allcostsareincludedinthepriceofaproduct.ANSWER: cDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.012-Applyb
2、asic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS: EconomicthinkingTradeoffsKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 001.01.1-MC-MANK082. Theadage,"Thereisnosuchthingasafreelunch,"isusedtoillustratetheprinciplethat a. g
3、oodsarescarce. b. peoplefacetradeoffs. c. incomemustbeearned. d. householdsfacemanydecisions.ANSWER: bDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS: E
4、conomicthinkingTradeoffsKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 002.01.1-MC-MANK083. Thephrase“nosuchthingasafreelunch”means a. peoplemustfacetradeoffs. b. rationalpeoplethinkatthemargin. c. peoplerespondtoincentives. d. tradecanmakeeveryonebetteroff.ANSWER: a
6、gstatementsbestrepresentstheprinciplerepresentedbytheadage,"Thereisnosuchthingasafreelunch"? a. Michellecanattendtheconcertonlyifshetakeshersisterwithher. b. Michaelishungryandhomeless. c. Andreamustrepairthetireonherbikebeforeshecanrideittoclass.CopyrightCengageLe
7、arning.PoweredbyCognero.Page 45 d. DanimustdecidebetweengoingtoFloridaorBrazilforspringbreak.ANSWER: dDIFFICULTY: ChallengingLEARNING OBJECTIVES: ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS:
