2. Rational choice –

a. a consumer decision based on opportunity cost

b. an alternative that has the greatest perceived value

c. both a and b

d. neither a nor b

3. Revolution, central government controls entire economy, wealth supposed to be distributed equally – all these descriptors are characteristics of :

a. Capitalism

b. Democratic socialism

c. Authoritarian socialism

4. Another name for a monopoly is a(n)

a. act

b. directorate

c. merger

d. trust

5. Generally, advertising fits into two categories: competitive and _______________ .

a. Non-competitive

b. Informative

c. Passive

d. Deceptive

6. Technological monopolies usually last longer than the life of the patent. true or false

7. Competition is almost always advantageous for consumers. true or false

9. The satisfaction a consumer gets from purchasing one more unit of a product will increase with each additional unit purchased. true or false

* Please dnt be rude I just need some help!