Question

When economists say that people act as rational decision makers, they mean that:

a. they gather all relevant information before making their purchases.b. once a pattern of behavior has been established, people tend to become set in their ways.c. people respond in predictable ways to changes in costs and benefits.d. people rarely make errors when they are permitted to make transactions.

Answer 1

c. people respond in predictable ways to changes in costs and benefits.

Step-by-step explanation:

Hello! For the branches of the economy, people act in one way or another (not always rational) based on different “reasons.” Some of the reasons why people act like that are measured, such as costs and benefits. In general, economists know the most predictable reactions a citizen will have.

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