Rational Choice Implies

question 140

Multiple Choice

Rational choice implies:

• A) the use of an economic model.
• B) making decisions aimed at achieving some predetermined goal.
• C) that only monetary costs and benefits are weighed.
• D) that the individual will never regret any action taken.
• E) that scarcity can be eliminated for that individual.

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Definitions:

Data

Information, especially facts or numbers, collected to be examined and considered and to assist in decision-making.

External Hard Drives

Portable storage devices used to backup or extend the storage capacity of a computer or device.

Port

An interface through which external devices are connected to the computer.

Capacity

The ability or volume that something can contain or produce, often used in contexts like storage, processing power, or physical space.