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Economists assume that rational people:
A) never use all available information as they act to achieve their goals.
B) only weigh the benefits and costs of the most desirable alternative actions.
C) to respond to economic incentives.
D) undertake activities that benefit others and hurt themselves.
When economists assume that people are rational and respond to incentives, they mean;
Economists assume that individuals
A) behave in unpredictable ways
B) will never take actions to help others
C) prefer to live in a society that values fairness above all else.
D) are rational and respond to incentives.