The classical economic model of decision making has been criticised for all the following except:
A) people are limited by their existing skills, habits and reflexes.
B) people are limited by their existing values and goals.
C) people are limited by the extent of their knowledge.
D) people are limited by the resources they are able to refer to.

Question

Quizplus · Accepted Answer

The classical economic model assumes that people have access to all necessary resources and information to make rational decisions, so it is not criticized for limitations in resources.

The Classical Economic Model of Decision Making Has Been Criticised