Neoclassical economics does not hold which of the following assumptions?
A) People are fundamentally rational.
B) People can make errors initially, but they learn quickly.
C) People's errors are random and rare.
D) People make regularly repeated mistakes.
Correct Answer:
Verified
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Q101: Behavioral economics assumes that people are
A)eager and
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Q103: Heuristics
A)are rules of thumb that generate decisions
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