Which of these is true of behavioral economics?
A) It borrows insights from sociology to explain certain economic decisions.
B) It questions the basic assumptions in traditional economics, particularly utility and ability.
C) It borrows insights from psychology to explain certain economic decisions.
D) It questions the basic assumptions in traditional economics, particularly rationality and will power.
E) It assumes that people act rationally to maximize their well-being.
Correct Answer:
Verified
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