Suppose that some teachers have decided that economic and financial uncertainty have made the prospect of retiring more risky, and therefore it carries a higher cost than not retiring.By using all available information as they act to achieve their goals, these teachers are exemplifying the economic idea that
A)people are rational.
B)people respond to economic incentives.
C)optimal decisions are made at the margin.
D)equity is more important than efficiency.

Question

Quizplus · Accepted Answer

The teachers are using all available information to make a rational decision about retirement, reflecting the economic idea that people are rational.

Suppose That Some Teachers Have Decided That Economic and Financial