When economists develop models designed to explain the choices people make, they generally assume that A. consumers do not use all available information. B. consumers do not act to achieve their goals. C. people are rational. D. everyone knows everything. E. people make the best decisions.

Question

Social Studies

Miracle Friedman

27 October, 02:42

When economists develop models designed to explain the choices people make, they generally assume that A. consumers do not use all available information. B. consumers do not act to achieve their goals. C. people are rational. D. everyone knows everything. E. people make the best decisions.

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Answers (1)

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Kaiden Wise · Answer 1

Answer: C. People are rational

Explanation:

People are rational, and because of this economist cannot understand people except through models developed to explain people's choices.