Explain: a. Before economic growth, there were too few goods; after growth, there is too little time.
Question:
a. Before economic growth, there were too few goods; after growth, there is too little time.
b. It is irrational for an individual to take the time to be completely rational in economic decision making.
c. Telling Santa what you want for Christmas makes sense in terms of utility maximization.
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a Before economic growth most people lived at the subsistence level By practically anyones definitio...View the full answer
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Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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