The hypothesis that people are nearly, but not fully rational, cannot possibly fully examine every available choice, and utilize simple rules of thumb in making decisions is known as the
A) irrationality hypothesis.
B) ceteris paribus hypothesis.
C) individual aggregation hypothesis.
D) bounded rationality hypothesis.
D
Economics
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Generally speaking, exchange rates are determined by
A) supply and demand. B) the International Monetary Fund. C) interest rates. D) differences in money growth rates.
Economics
When cyclical majorities arise, the winner of an election will be determined by the order in which the choices are presented to the voters
a. True b. False
Economics