Neoclassical economics assumes that people have the following characteristics, except
A) they are stable and definite in their tastes and preferences.
B) they are as good at assessing future options as they are in assessing current ones.
C) they are driven by their pursuit of maximum satisfaction.
D) they care deeply about fairness and are often generous.
Correct Answer:
Verified
Q109: Neoclassical economic models make simplifying assumptions about
Q110: Neoclassical economics and behavioral economics disagree on
Q111: When people make decisions that go against
Q112: According to behavioral economics, advertising works because
Q113: Those who believe that "there is no
Q115: Which of the following is not an
Q116: According to behavioral economists, the human brain
Q117: Which of the following statements is most
Q118: Behavioral economists believe that people can be
Q119: Many economists believe that the neoclassical theories
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents