One Major Assumption of Economics Is That People

question 26

Multiple Choice

One major assumption of economics is that people

• A) act as if they systematically pursue self-interest.
• B) behave randomly without any predictable pattern.
• C) are sometimes rational and sometimes irrational.
• D) always pursue the interests of others.

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Definitions:

Iasis

A suffix used in medical terminology to denote a condition, disease, or infestation by a specific pathogen or disease process.

Ectasis

An expansion or dilation of a hollow organ or vessel within the body.

Blasts

Immature cells, particularly seen in the blood or bone marrow, indicating early stages of cell development, often used in the context of leukemia.

Crine

Crine is a suffix used in biology and medicine to denote secreting, related to glands and substances they release, such as endocrine (hormone-secreting) or exocrine (substance-secreting through ducts).