People tend to make rational choices,to help make these,they rely on:

Question

Quizplus · Accepted Answer

To make rational choices, people rely heavily on information. Without relevant and accurate information, it would be challenging to make an informed decision. Scarcity and utility also play a role, but they are not as crucial as having the necessary information to make a rational choice. Ceteris paribus, on the other hand, is an assumption used in economic modeling that all other variables remain constant, which is not always the case in real-life decision making. Therefore, C is the best choice for this question.

People Tend to Make Rational Choices,to Help Make These,they Rely