What Does It Mean When Economists Say That People Act

question 69

Multiple Choice

What does it mean when economists say that people act as rational decision makers?  

• A) that people gather all relevant information before making any purchases 
• B) that once a pattern of behaviour has been established, people tend to become set in their ways 
• C) that people respond in predictable ways to changes in costs and benefits 
• D) that people rarely make errors when they are permitted to make transactions

---

Definitions:

Hepatic Portal Vein

The hepatic portal vein is a blood vessel that carries blood from the gastrointestinal tract and spleen to the liver, transporting nutrients and toxins for processing.

Saphenous Vein

A large vein running along the length of the leg, often used for grafts in coronary artery bypass surgery.

Popliteal Vein

A vein located behind the knee that drains blood from the lower leg to the thigh.

Femoral Vein

A major vein in the thigh that returns deoxygenated blood to the heart from the lower limbs.