The Assumption That Consumer Choices Are Utility-Maximizing Is

question 57

Multiple Choice

The assumption that consumer choices are utility-maximizing is:

• A) a main axiom of behavioral economics.
• B) an assumption that behavioral economics calls into question.
• C) a logical conclusion of observed behavior.
• D) a basic assumption of basic economic theory that carries over to behavioral economics.

---

Definitions:

Government Spending

The total amount of money being spent by the government on various services, projects, and operations to provide public goods and support the economy.

Ideological Ableism

Discriminatory attitudes or systemic inequality based on the belief that able-bodied individuals are superior to those with disabilities.

Urban Planning

The technical and political process involved in designing and regulating the use of urban spaces, buildings, and environments to ensure the orderly development of communities and physical environments.

Wheelchairs

Mobility aids used by individuals who have difficulty walking due to illness, injury, or disability, facilitating movement and independence.