--%>

Economic assumption of rationality in reasoning

As per to the economic assumption of rationality: (w) entrepreneurs are usually more rational than employees. (x) consumers often perform in random or erratic ways. (y) people tend to behave in accord along with their goals. (z) people who are rational earn higher incomes than people who don’t.

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

   Related Questions in Public Economics

  • Q : Modern sociobiologists concept

    Modern sociobiologists concept perpetuation of individual gene pool like the fundamental human drive, and give numerous illustrations of behavior which apparently conflict along with the economist's homo economicus supposition: Parents sacrifice their whole lives for

  • Q : Problem on public sector The word “

    The word “public sector” signifies to: (1) Stockholders and households. (2) Investors and Consumers. (3) Households and investors. (4) Democratic voting systems. (5) All actions of government. Find out the right answer from the above optio

  • Q : Entrepreneur in economic profit

    Economic profit is the entrepreneur's: (i) payment to managers for their services. (ii) capital stock minus depreciation. (iii) reward for innovation and bearing risks. (iv) difference between monetary cost and total income. (v) opportunity cost for capital.

  • Q : Problem regarding Property Rights Can

    Can someone help me in finding out the right answer from the following options. Fee simple rights don’t comprise the right to: (1) Demolish your property. (2) Sell your property. (3) Employ your property for your own advantage. (4) Damage another’s propert

  • Q : Problem of Slavery and Normative

    Please guys help me to solve the problem of Slavery and Normative Economics that is given below: Slavery like a mechanism for allocating labor previous to the Civil War eventually proved to be in conflict along wit

  • Q : Influencing goods in Economic Growth I

    I have a problem in economics on Economic Growth. Please help me in the following question. Across time, raising the output of military goods devoid of decreasing the output of civilian goods is: (1) Always unfeasible. (2) Impossible in an economy with very high unemp

  • Q : Achieving economic welfare For any

    For any given point on the production possibilities (or PPF) curve: (i) More economic welfare is achieved than from any points within the PPF. (ii) Moving to some other output combination should yield enhanced economic welfare. (iii) More of some good can be generated

  • Q : Economic equity consideration in

    Economic equity considered as to: (1) financial settlements of court cases. (2) the balance of national trade. (3) questions of the fairness of several economic arrangement. (4) passing hidden costs upon to consumers. (5) the gross value of any stocks

  • Q : Economic problem in all societies Can

    Can someone explain/help me with best solution regarding problem of economic concept of societies... Within all societies, the economic problem involves: (1) learning to be content with what is obtainable, (2) Equa

  • Q : When is Self-interest evident How can I

    How can I solve my following problem? Please suggest me the correct answer. Explain reason Self interest is evident while: (i) A mugger utilizes a $1 bullet upon his victim to take $100 by his wallet. (ii) Helen cr