Economics Does Not Study Correct or Incorrect Behaviors but Rather

question 198

Multiple Choice

Economics does not study correct or incorrect behaviors 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:

Arousal Theory

Arousal Theory suggests that individuals are motivated to maintain an optimal level of arousal, with variations in this level driving behaviors towards achieving such balance.

Drive-reduction

A psychological theory that motivation arises from the need to reduce internal drives such as hunger or thirst.

Co-nurture Offspring

Co-nurture Offspring refers to the shared responsibility and role of both parents in the upbringing and nurturing of their children, emphasizing collaborative effort.

Social Networking

The use of internet-based platforms and communities to connect with friends, family, or professional contacts and share information, ideas, or personal messages.