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People Are Rational
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People Are Rational
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0. Basic Principles of Economics / People Are Rational / Problem 4
Problem 4
Which of the following statements best describes a limitation of the rationality assumption?
A
Decisions are not always perfect but are the best possible given the circumstances.
B
Rationality implies that emotions never influence decisions.
C
Rationality ensures that all decisions are optimal.
D
Rationality assumes that individuals have unlimited resources.
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