Economics Does Not Study Correct or Incorrect Behaviours but Rather

question 96

Multiple Choice

Economics does not study correct or incorrect behaviours but rather it assumes that economic agents behave ________, meaning they make the best decisions given their knowledge of the costs and benefits.

• A)equitably
• B)rationally
• C)emotionally
• D)selfishly

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Definitions:

Rules

Guidelines established to govern behavior or procedures within a particular context, such as software configuration or board games.

Wizard

A user interface utility that guides users through a series of steps or processes for setup, configuration, or complex operations.

Rule

A prescribed guide for conduct or action; within computing, it typically refers to a specific condition or criterion used in algorithms or to define operational behaviors.

Specified Folder

A designated directory in a computer's file system where specific files are stored or organized.