When making decisions, economists believe that individuals act rationally if they:
A) seek to improve their own situations and not try to anticipate future consequences of their actions.
B) only pursue the goals of the community.
C) people do the best they can, based on their values and information, under current and future circumstances.
D) always choose alternatives that offer the greatest financial reward.
Correct Answer:
Verified
Q91: Microeconomics primarily models:
A)the overall economy.
B)the behavior of
Q92: From an economists' perspective, which of the
Q93: Macroeconomic topics do not generally include:
A)inflation.
B)aggregate demand.
C)government
Q94: When economists assume that people act rationally,
Q95: Economists believe that individuals act as if
Q97: The branch of economics that focuses on
Q98: Microeconomic topics do not usually include:
A)the impact
Q99: The determination of prices in the market
Q100: Most of economic analysis assumes that most
Q101: In his book, The Wealth of Nations,
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