Which of the Following Is a True Statement About the Economic

question 229

Multiple Choice

Which of the following is a true statement about the economic assumption of rationality?

• A) Individuals who are rational necessarily ignore the interests of others.
• B) Individuals generally act as though they are rational.
• C) Individual behavior may be irrational but group behavior is always rational.
• D) People make decisions as if they are omniscient.

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Definitions:

Origins

The point or place where something begins, arises, or is derived from; the background or source.

Theory of Planned Behavior

A theory suggesting that an individual's behavior is directly influenced by their intention to perform the behavior, which is shaped by attitudes, subjective norms, and perceived control.

Main Components

Essential parts or elements that make up a system, structure, or principle, foundational to its function or identity.

Informational Social Influence

The process of aligning one's thoughts or behaviors with those of a group because of a desire to be correct or to understand the correct way to act in a given situation.