Question

Making an economically rational decision requires

Select one:

a. considering the prospective benefits and costs to oneself.

b. always considering the long-run.

c. avoiding opportunity cost.

d. equal consideration for your own and others’ welfare.

Answer 1

Answer:

B. Always considering the long run

Explanation:

This is because economic decision making gives one the over view of it's effect in the near future

Answer 2

Answer:

considering the prospective benefits and costs to oneself.