An Economic Person does not
A)make rational decisions.
B)make decisions like the average consumer or manager.
C)use economic gain to evaluate the correctness of decisions.
D)have adequate information to make good decisions.
E)use logic in making decisions.

Question

Quizplus · Accepted Answer

An Economic Person is assumed to make rational decisions, use economic gain to evaluate decisions, have adequate information, and use logic. However, they do not necessarily make decisions like the average consumer or manager, who may not always act rationally or logically.

An Economic Person Does Not