When Economists Say That People Act as Rational Decision Makers,they

question 25

Multiple Choice

When economists say that people act as rational decision makers,they mean that:

• A)people gather all relevant information before making their purchases.
• B)once a pattern of behavior has been established,people tend to become set in their ways.
• C)people respond in predictable ways to changes in costs and benefits.
• D)people rarely make errors when permitted to make transactions.
• E)once made,decisions are never reversed.

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