Which of the Following Is a TRUE Statement About the Economic

question 50

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 most selfish in the world.

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Definitions:

Behavior

The actions, reactions, or functioning of an organism, often in response to external stimuli or internal states.

Hormones

Substances synthesized within the body that manage and direct the functions of specific cells or organs.

Computerized Axial Tomography

A medical imaging technique that uses computer-processed combinations of many X-ray measurements taken from different angles to produce tomographic images (virtual 'slices') of specific areas of a scanned object.

Brain

An organ of the central nervous system responsible for integrating sensory information and directing all voluntary and involuntary actions.