Multiple Choice
Which of these is true of behavioral economics?
A) It borrows insights from sociology to explain certain economic decisions.
B) It questions the basic assumptions of traditional economics, particularly utility and ability.
C) It seeks to explain the problem of asymmetric information.
D) It questions the basic assumptions of traditional economics, particularly rationality and willpower.
E) It assumes that people act rationally to maximize their well-being.
Correct Answer:
Verified
Correct Answer:
Verified
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