As professors and teachers get closer to retirement age they typically spend more time reading and thinking about the financial planning as well as the stock market.By gathering and 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 economic idea being exemplified here is that people are rational, meaning they use all available information to achieve their goals.

As Professors and Teachers Get Closer to Retirement Age They