People behave rationally when they
A)follow the advice of government leaders.
B)never have regrets about their decisions.
C)make decisions they think will make themselves better off.
D)make decisions solely based on financial outcomes.

Question

Quizplus · Accepted Answer

Rational behavior involves making decisions that individuals believe will benefit them or make them better off. This does not necessarily mean that the decision is always based on financial outcomes or that individuals always follow the advice of government leaders. It is also natural for individuals to experience regret about decisions that did not yield the expected results. Therefore, option C is the best answer.

People Behave Rationally When They