When Comparing the Standard Models in the Respective Fields of Economics

question 4

Multiple Choice

When comparing the standard models in the respective fields of economics and psychology,it is clear that

• A) both economists and psychologists always assume that people always behave in a fully rational way.
• B) both economists and psychologists always assume that people do not act in a fully rational way.
• C) neither economists nor psychologists always assume that people always behave in a fully rational way.
• D) economists generally assume that people always behave in a rational way,whereas psychologists generally do not.
• E) psychologists generally assume that people always behave in a rational way,whereas economists generally do not.