Most Economic Theory Proceeds as Though Economic Actors Are All

question 111

Multiple Choice

Most economic theory proceeds as though economic actors are all rational,self-interested decision-makers.Economists refer to this hypothetical rational,self-interested decision maker as

• A) Homo consumus.
• B) Homo microcus.
• C) Homo demandcurvius.
• D) Homo economicus.
• E) Homo elasticious.

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Definitions:

Carcinoma

A type of cancer that starts in cells that make up the skin or tissue linings of organs.

Glioma

A type of tumor that occurs in the brain and spinal cord, originating from the glial cells.

Dedifferentiation

The process by which specialized cells lose their specialization during regeneration or in response to injury.

Differentiation

The process by which cells or tissue undergo a change toward a more specialized form or function.