What Term Refers to the Strongly Documented Finding That People

question 60

Multiple Choice

What term refers to the strongly documented finding that people don't "attempt to ruthlessly maximize utility"?

• A)voir dire
• B)prima facie
• C)moral seriousness
• D)bounded rationality

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Definitions:

Ceilings For Earnings

Limits set on the amount of income that can be considered for certain calculations, such as social security or pension benefits.

Defined Contribution

A type of retirement plan where the employer, employee, or both make contributions on a regular basis, but the final benefits received depend on the investment's performance.

Defined Benefit

A type of pension plan where the benefits that an employee will receive upon retirement are predefined based on factors like salary and tenure.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for an employee's future benefit.