The species of organism whose members always rationally weigh all the relevant costs and benefits in choosing the best course of action is called what
A)Homo economicus
B)Homo sapiens
C)Homo rationalicus
D)Homo microcosmicus

Question

Quizplus · Accepted Answer

Homo economicus is a theoretical concept in economics that assumes rationality in decision-making. According to this concept, individuals will always weigh costs and benefits before making any decision. While this assumption is often criticized for not taking into account emotions or other factors that might influence decision-making, it remains a useful tool for modeling economic behavior. Therefore, A) Homo economicus is the correct answer.

The Species of Organism Whose Members Always Rationally Weigh All