One Reason That Consumers and Businesses Might Not Act Rationally

question 86

Multiple Choice

One reason that consumers and businesses might not act rationally is

• A)it is difficult to obtain enough information about the elasticities of demand and supply.
• B)they may not realize their actions are inconsistent with their goals.
• C)consumer tastes change constantly.
• D)they do not always value fairness when they make choices.

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Definitions:

Psychodynamic Therapy

A form of depth psychology, focusing on the conscious and unconscious processes in the mind to alleviate psychic tension.

Cognitive-behavioral Therapy

A form of psychological treatment that addresses negative patterns of thought and behavior to improve mental health and well-being.

Attention-deficit/hyperactivity Disorder

A neurodevelopmental disorder characterized by inattention, hyperactivity, and impulsivity that interferes with functioning or development.

Conduct Disorder

A behavioral disorder identified during childhood or adolescence, marked by a continuous trend of aggressive and disruptive actions.