A Rational Choice Is One That

question 12

Multiple Choice

A rational choice is one that

• A) always turns out for the best for the decision maker.
• B) creates no costs for the decision maker.
• C) must be made with perfect information.
• D) uses the available resources to most effectively satisfy the wants of the person making the choice.
• E) is made in the social interest rather than the self-interest.

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Definitions:

Spanish Armada

The fleet dispatched by Spain in 1588 as part of a planned invasion of England, which ended in defeat, marking a pivotal moment in Anglo-Spanish relations.

Roman Catholic Church

The largest Christian church, led by the Pope in Vatican City, with a global presence and centuries-long influence on religious, cultural, and political affairs.

Permanent English Settlement

Jamestown, Virginia, established in 1607, recognized as the first enduring English settlement in what would become the United States.

Private Business Organization

An enterprise owned by individuals or groups not affiliated with the government, focusing on profit generation through offering goods or services.