A new area of economics studies situations in which people appear to be making choices that do not seem to be economically rational.This area is called
A) behavioural economics.
B) irrational economics.
C) social economics.
D) new wave economics.

Question

Quizplus · Accepted Answer

The area of economics that studies situations in which people appear to be making choices that do not seem to be economically rational is called behavioural economics. Option B, irrational economics, is not a commonly used term in economics. Option C, social economics, refers to the study of the social aspects of economic systems. Option D, new wave economics, is not a commonly used term in economics.

A New Area of Economics Studies Situations in Which People