Rational choice
A) is a choice that uses the available resources to best achieve the objective of the person making the choice.
B) is always efficient.
C) is what you must give up get what you want.
D) is made by comparing different incentives.
E) provides the answer to only the "how" question.

Question

Quizplus · Accepted Answer

Rational choice involves a person using the available resources in the best way possible to achieve their objective. Therefore, option A is the correct answer. Option B is not always true, and option C defines opportunity cost, which is not the same as rational choice. Option D is a part of the process of making a rational choice, but it is not the definition. Option E is incorrect because rational choice provides a solution to both the "how" and "what" questions.

Rational Choice