Which of the following best describes an assumption, Financial Accounting

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Which of the following best describes an assumption

Which of the following best describes an assumption economists make about human behavior?

A) They assume that individuals act rationally all the time in all circumstances.

B) They assume that rational behavior is useful in explaining choices people make even though people may not behave rationally all the time.

C) They assume that people take into account the question of fairness in all decisions they make.

D) They assume that individuals act randomly

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Financial Accounting: Which of the following best describes an assumption

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Financial Accounting: Which of the following best describes an assumption

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