The Standard Economic Model Assumes People Can Be Approximated by ________,Who

question 96

Multiple Choice

The standard economic model assumes people can be approximated by ________,who is assumed to be fully rational,calculating,and selfish; has unlimited computational ability; and never makes systematic mistakes.

• A) Homo consumus
• B) Homo microcus
• C) Homo demandcurvius
• D) Homo economicus
• E) Homo elasticious

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Definitions:

Respiratory Epidemic

An outbreak of a respiratory disease that affects a significant proportion of a population within a specific area or community.

Ventilators

Machines that provide mechanical ventilation by moving breathable air into and out of the lungs, used for patients who are unable to breathe adequately on their own.

Utilitarianism

A ethical theory suggesting that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Autonomy

The right or condition of self-government, or in healthcare and ethics, the capacity of a patient to make an informed, uncoerced decision.