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30 October, 09:25

The rationality assumption as used in economicsA. is widely accepted by other social science disciplines as well. B. states that people respond to incentives. C. has been proven by experimental analysis. D. presumes that everyone can perform sound logical analysis at all times.

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  1. 30 October, 09:46
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    (D) presumes that everyone can perform sound logical analysis at all times

    Explanation:

    Economics assumes that everyone is rational and will always choose an option that yields the highest utility in all cases. This accounts for the term "the rational human being" in Economics.
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