The Idea That People Will Not Consciously Make Decisions That

question 98

Multiple Choice

The idea that people will not consciously make decisions that make them worse off is known as

• A) rationality assumption.
• B) the decision duality.
• C) Adam Smith's doctrine.
• D) incentive assumption.

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Definitions:

Innocently Misrepresented

A situation where a false statement is made without knowledge of its falseness, usually without intent to deceive, but leading another to enter into a contract.

Full-blooded Pomeranian

A dog that is purely of the Pomeranian breed, without any mixed lineage.

Rescind

To cancel a contract.

Legal Consent

An agreement or permission provided by an individual who understands and voluntarily accedes to a particular act or arrangement.