Most economic theory proceeds as though economic actors are all rational,self-interested decision-makers.Economists refer to this hypothetical rational,self-interested decision maker as
A) Homo consumus.
B) Homo microcus.
C) Homo demandcurvius.
D) Homo economicus.
E) Homo elasticious.

Question

Quizplus · Accepted Answer

The hypothetical rational, self-interested decision maker in economic theory is commonly referred to as Homo economicus. This concept is fundamental in many economic models and is used to analyze individuals' decision-making behavior in different economic scenarios.

Most Economic Theory Proceeds as Though Economic Actors Are All