Which of the Following Is an Unrealistic Assumption Made in the Rational

question 135

Multiple Choice

Which of the following is an unrealistic assumption made in the rational decision making model?

• A)People often don't understand the decision to be made.
• B)People know few of their available choices.
• C)People want to make optimal decisions.
• D)People have perceptual biases.

---

Definitions:

Tariff

A tax imposed by a government on goods or services imported from other countries, often used to protect domestic industries.

Domestic Producers

Refers to manufacturers and suppliers that create goods and services within a country's borders, contributing to its economy.

Domestic Consumers

Individuals or households within a country that purchase goods and services for personal use, as opposed to businesses or foreign buyers.

Tariff

A tax imposed by a government on imported goods or services to protect domestic industries or generate revenue.