Juanita Is Preparing to Study for Her Economics Final Exam

question 276

Multiple Choice

Juanita is preparing to study for her economics final exam. She tells her friend that she will be happy if she just gets a B, even though she could likely earn an A if she studied harder. Juanita is what Herbert Simon would call a

• A)rational maximizer.
• B)satisficer.
• C)homo economicus.
• D)screener.

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Definitions:

Delaware

The first state to ratify the U.S. Constitution, known as "The First State," located in the Mid-Atlantic region of the United States.

Best Poor Man's Country

A historical notion that certain regions, notably parts of early America, offered exceptional opportunities for economic advancement to the economically disadvantaged.

Pennsylvania

A state located in the northeastern part of the United States, known for its historical significance in the founding of the country.

Walking Purchase

A controversial 1737 land deal in which the Penn family and colonists claimed a large area of land in Pennsylvania through a fraudulent walking survey.