When Economists Say an Individual Has Made a Rational Choice

When economists say an individual has made a rational choice, they mean the individual has

A) made the choice by weighing their own subjective costs and benefits.
B) made a "good" decision, one that reasonable outside observers would have also made.
C) neglected to consider the unintended consequences arising from their decision.
D) ignored their own personal interests and made the choice that is best for society.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free