The following financial resources were among those received by seco city during year 1:
for acquisition of major capital facilities $6,000,000
to create a permanent trust for governmental purposes 2,000,000
with respect to the foregoing resources, what amount should be recorded in special revenue funds?
3. classical economics assumes people are rational and logical while behavioral economics adds psychology to the mix.
a major theory in classical economics is that human beings are rational and, given the necessary information they will make rational decisions and act rationally, however, behavioral economics assumes that people are irrational players.