Economists believe that individuals compare the benefits and costs of various options when making a decision and in so doing act:

Question

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Economists believe that individuals act rationally when they compare the benefits and costs of various options in making decisions, which means they weigh the pros and cons of each option before making a choice. This does not necessarily mean they always make the best decision, but they do so with the purpose of maximizing their own self-interest or welfare.

Economists Believe That Individuals Compare the Benefits and Costs of Various