_____ is based upon the assumption that people are predictable and will maximize the utility of their choices relative to their needs and wants.
A)Rational economics
B)Socialism
C)Capitalism
D)Behavioral economics
E)Consumerism

Question

Quizplus · Accepted Answer

Rational economics is based upon the assumption that people are rational in making choices and will try to maximize their satisfaction or utility based on their preferences and constraints. It is a fundamental concept in traditional economics and forms the basis of many economic models and theories.

_____ Is Based Upon the Assumption That People Are Predictable