Economists normally assume people's preferences should be
A)respected.
B)adjusted.
C)overruled.
D)ignored.

Question

Quizplus · Accepted Answer

Economists assume that people's preferences should be respected, meaning that individuals know their own wants and needs best, and it is not the role of economists or policymakers to impose their own values or preferences on others. Instead, economists focus on understanding and analyzing individuals' preferences and how they influence economic behavior, in order to develop policies that can help maximize social welfare and promote economic growth.

Economists Normally Assume People's Preferences Should Be