Economists Assume That Individuals

question 81

Multiple Choice

Economists assume that individuals

• A)behave in unpredictable ways.
• B)will never take actions to help others.
• C)prefer to live in a society that values fairness above all else.
• D)are rational and respond to incentives.

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Definitions:

Human Roles

The functions or parts played by individuals in a specific context, especially in an organizational or societal structure.

Henry Mintzberg

A renowned academic and author known for his work on business and management structures, strategy, and organizational effectiveness.

Complex Problems

Issues that are multifaceted, involving multiple variables and factors, making them difficult to solve.

Challenging Situations

scenarios or circumstances that test one's abilities, skills, or resources, often requiring novel solutions or resilience.