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When Economists Say That People Act as Rational Decision Makers,they

Question 25

Multiple Choice

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


A) people 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 permitted to make transactions.
E) once made,decisions are never reversed.

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