Economic information:A) is usually scarce and costly to acquire.B) is usually available free to any decision maker.C) is usually not required for rational decision making.D) must be complete before any decision is made.E) is usually useful only to governments.

Question

Economic information:​A) is usually scarce and costly to acquire.B) is usually available free to any decision maker.C) is usually not required for rational decision making.D) must be complete before any decision is made.E) is usually useful only to governments.

Elise Vandyck · Accepted Answer

Final Answer : A, Explanation :  Economic information is often not readily available and requires time and resources to gather. This is because economic data can be complex and can involve multiple sources, making it costly to acquire.

Economic information:

A) is usually scarce and costly to acquire.
B) is usually available free to any decision maker.
C) is usually not required for rational decision making.
D) must be complete before any decision is made.
E) is usually useful only to governments.

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Learning Objectives

Learning Objectives

Related questions

Economic information:​A) is usually scarce and costly to acquire.B) is usually available free to any decision maker.C) is usually not required for rational decision making.D) must be complete before any decision is made.E) is usually useful only to governments.

Definitions

Learning Objectives

Learning Objectives

Related questions

Economic information:

A) is usually scarce and costly to acquire.
B) is usually available free to any decision maker.
C) is usually not required for rational decision making.
D) must be complete before any decision is made.
E) is usually useful only to governments.