Which of the Following Statements Is True

question 94

Multiple Choice

Which of the following statements is true?

• A) Rational economic agents maximize more than just monetary income.
• B) An individual does not require information to make optimal decisions.
• C) The principle of optimization is only accurate when it comes to making monetary decisions.
• D) It is not necessary to consider the risks of alternatives while making an optimal decision.

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Definitions:

Globalization

The worldwide movement toward economic, financial, trade, and communications integration.

Primary News Source

The initial or most direct source of news information, which may include newspapers, television, radio, and reputable online news websites.

Internet

A global network of computers that allows for the exchange of data and information across vast distances.

Secret Formula

A unique or proprietary recipe or set of instructions known only to its inventor or producer, often associated with successful products.