Economists generally assume that
A) people both pursue their objectives in a consistent fashion and are forced to make choices due to scarcity.
B) people pursue their objectives in a consistent fashion.
C) people are forced to make choices due to scarcity.
D) habit-bound people are irrational.

Question

Quizplus · Accepted Answer

Economists assume that people pursue their objectives at a consistent rate and make choices due to scarcity. This suggests that people are rational and make decisions based on the best available choices. This assumption is essential for building economic models that accurately predict behavior and outcomes.

Economists Generally Assume That