A rational choice is one that Question 10 options: A) must be made with perfect information. B) uses the available resources to most effectively satisfy the wants of the person making the choice. C) creates no costs for the decision maker. D) is made in the social interest rather than the self-interest. Question 11 (1 point) The benefit from a good or service that you purchase is measured by Question 11 options: A) the dollar amount you can get by selling the good or service. B) how strong the incentives were that lead to buying the good or service. C) what you are willing to give up to obtain the good or service. D) None of the above answers is correct because there is no way to measure the benefit you receive from purchasing a good or service. Question 12 (1 point) An incentive is Question 12 options: A) the marginal cost of some course of action. B) a constraint that society imposes on those who make self-interested choices. C) an inducement to take a particular action. D) the net gain of some course of action. Question 13 (1 point) Labor is human effort that can be applied to production