Which of the Following Describes That People Cannot Examine Every

question 107

Multiple Choice

Which of the following describes that people cannot examine every possible choice available to them but instead use simple rules of thumb to sort among the alternatives that happen to occur to them?

• A) self-interest
• B) bounded rationality
• C) ceteris paribus
• D) normative economics

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Definitions:

Valid Argument

A logical statement where the conclusion necessarily follows from the premises, based on sound reasoning.

Postconventional Stage

A level of moral development where individuals recognize universal ethical principles and prioritize them over laws and social agreements.

Care Perspective

The emphasis in moral development on context and relationships.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, laws, and personal beliefs.