What Field(s) Influenced Rational Choice Theory? Select All, but Only

question 27

Multiple Choice

What field(s) influenced rational choice theory? Select all, but only those that apply.

• A) Behaviorism
• B) Neoclassical Economics
• C) Utilitarianism
• D) Game Theory

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Definitions:

Small Economy

An economy that is limited in size, characterized by a smaller population, lower GDP, and less impact on international markets compared to larger economies.

Horizontal Equity

A principle in taxation that asserts that individuals with the same income or resources should pay the same amount in taxes.

Vertical Equity

A principle in tax policy that states taxpayers with a greater ability to pay should contribute more in taxes.

Small Economy

Refers to an economy with a relatively limited size in terms of population, output, and market activity, often more susceptible to external economic influences.