Which of the following is true of traditional economics?
A) It questions the assumptions of utility and demand.
B) It questions the assumptions of unbounded rationality and will power.
C) It borrows insights from philosophy to explain certain economic decisions.
D) It assumes that people make irrational choices and end up with bad outcomes.
E) It assumes that people act rationally to maximize their overall well-being.
Correct Answer:
Verified
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