Solved

Neoclassical Economists Generally Believe Which of the Following About Human

Question 84

Multiple Choice

Neoclassical economists generally believe which of the following about human behavior?


A) While individuals attempt to make rational decisions, poor computational skills often lead to systematic errors.
B) People care a lot about fairness and are often willing to sacrifice some of their own well-being to treat others fairly.
C) When individuals make mistakes in decision making, they adjust to these errors and rarely repeat them.
D) When individuals are selfless and act for the good of others, the invisible hand guides the collective behaviors to promote the good of society.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents