The Field of Behavioral Economics Has Been Built Around Which

Multiple Choice

The field of behavioral economics has been built around which of the following assertions?

A) Consumers have preferences among the various goods and services available to them.
B) Consumers face budget constraints which put limits on what they can buy.
C) Consumers may not be as rational and well-informed as economists make them out to be.
D) Consumers ignore the information they obtain and tend to make more irrational than rational decisions.