Rationality in the household decision-making process means that:

Question

Quizplus · Accepted Answer

Rationality in the household decision-making process refers to the idea that households act in their own best interests, weighing the costs and benefits of their decisions. This does not mean that all households make the same decisions, or that everyone in the household agrees on all decisions. Rather, it acknowledges that households are comprised of individuals with different preferences and goals, and that decision-making involves a process of negotiation and compromise. While households may seek to earn as much income as possible, this is not necessarily the sole objective of their decision-making. Therefore, option C is the best choice.

Rationality in the Household Decision-Making Process Means That