According to the Classical School, Behavior Is Rational and a Product

question 52

Multiple Choice

According to the classical school, behavior is rational and a product of ____________.

• A)biological determinism
• B)divine intervention
• C)free will
• D)decision models
• E)heredity

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Definitions:

Earned Income Credit

A tax credit that can be refunded to individuals and families with low to moderate income who are working, especially those who have children.

Refundable

Pertaining to certain tax credits or payments that can be refunded to the taxpayer if they exceed the amount of taxes owed.

Advance Payments

Payments made before they are due or before goods or services are received.

Maximum Amount

The highest limit specified for an action, transaction, or financial account, beyond which one cannot go.