Introduction to Economics 1 Deneme Sınavı Sorusu #712356

Which of the following is an example for binary decision?


“Sell your car or keep it”

“Buy a car or a house”

“Have lunch or study”

“Apply for an MBA degree or work”

“Study economics or business administration”


Yanıt Açıklaması:

Decisions involving only two alternatives are called binary decisions. For example, statements like “buy that shirt or not”; “sell your house or keep it”; “eat meat or go vegetarian” point to binary decisions. Many of our decisions in life are not binary. It can be said that binary decisions are related to Yes/No questions on the other hand the decisions which are not binary may be related to which/why questions. For this reason the correct answer is “A”.

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