Which of the Following Statements About Rationality as Used in Political

question 1

Multiple Choice

Which of the following statements about rationality as used in political science is FALSE?

• A) It assumes that all actors seek to maximise their own personal economic wealth.
• B) It assumes that individuals have transitive preferences over a set of outcomes.
• C) It assumes individuals strive to attain their most preferred outcome, contingent on what others do.
• D) It is best viewed as a subset of human behavior that may help us understand and predict behavioural regularities in certain contexts.

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Definitions:

Customer Discount

A reduction in the price offered to customers, often as an incentive for early payment or as part of promotional efforts.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of purchase.

Sales Discount

From the seller’s perspective, a discount that a seller may offer the buyer for early payment.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer is responsible for the cost and liability of goods during transportation once they are shipped.