Economists assume that rational behavior is useful in explaining choices people make
A)because irrational people do not make economic choices.
B)even though people may not behave rationally all the time.
C)because individuals act rationally all the time in all circumstances.
D)even though people rarely, if ever, behave in a rational manner.

Question

Quizplus · Accepted Answer

While individuals may not always behave rationally, assuming rational behavior is still useful in explaining the choices people make.

Economists Assume That Rational Behavior Is Useful in Explaining Choices