The Rationality Assumption Says That

question 121

Multiple Choice

The rationality assumption says that

• A) people do not intentionally make decisions that would leave them worse off.
• B) people never make decisions that would leave them worse off.
• C) people do not respond to incentives since incentives require scarce resources.
• D) all economic analysis must be normative.

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Definitions:

Pointer Expression

An expression that involves pointers, which are variables that store memory addresses.

Array Element

An individual value stored in an array, accessible by its index within the array.

Address

A numerical representation of a location in memory where data is stored or where a particular item can be found.

gPtr

A pointer variable, often used in programming to refer to the address of another variable.