Solved

When Comparing the Standard Models in the Respective Fields of Economics

Question 1

Multiple Choice

When comparing the standard models in the respective fields of economics and psychology,it is clear that:


A) both economists and psychologists always assume that people behave in a fully rational way.
B) both economists and psychologists always assume that people do not act in a fully rational way.
C) neither economists nor psychologists always assume that people behave in a fully rational way.
D) economists generally assume that people behave in a rational way, whereas psychologists generally do not assume this.
E) psychologists generally assume that people behave in a rational way, whereas economists generally do not assume this.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents