Economists assume people behave rationally.Rationality means that people
A) always understand the consequences of their decisions.
B) always weigh their decisions carefully.
C) have the necessary information to always make correct decisions.
D) do not intentionally make choices that cause themselves to be worse off.
Correct Answer:
Verified
Q45: People behave rationally when they _.
Q46: Macroeconomists study
A)changes in unemployment levels.
B)changes in the
Q47: Macroeconomists study which of the following?
A)the impact
Q48: Economists typically assume people act as if
Q49: If people make their choices rationally,then
A)the behaviour
Q51: In economics,the idea that individuals respond predictably
Q52: In his book "An Inquiry into the
Q53: Macroeconomics is best defined by which of
Q54: One topic of study for a microeconomist
Q55: A decision made by a rational individual
A)never
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