The "economic man" argument suggests that ______.
A) people consider all available alternatives and then make choices that maximize the values they receive
B) people pick the cheapest options wherever available
C) people pick the most expensive option provided it offers added value
D) people rarely consider the benefits of picking a more expensive option before selecting the most economic one

Question

Quizplus · Accepted Answer

The "economic man" argument suggests that people are rational and consider all available alternatives before making a decision that maximizes the value they receive, which aligns with choice A.

The "Economic Man" Argument Suggests That ______