Your roommate, Serafina, a psychology major, said, "The problem with economics is that it assumes that consumers and firms al

Question

2 years ago

5

Your roommate, Serafina, a psychology major, said, "The problem with economics is that it assumes that consumers and firms al

ways make the correct decision. But we know that everyone's human, and we all make mistakes." Do you agree with her comment?

Social Studies

1 answer:

Natasha2012 [34] · Answer 1 · 2022-08-13T09:09:03+03:00

Answer: I would disagree

Explanation:

Economics is the study that defines about products and service that are produce, regulated, consumed and distributed. Economic agents are the factors that regulated the field of economic along with the behavior and link displayed by customer and firms.

They maintain rationality through making decision based on possible growth,cost and benefits as per economic knowledge.

Therefore, roommate's statement is incorrect that economic field assume of making best decision rather the try to make possible beneficial decision considered all the factors.

Your​ roommate, Serafina, a psychology​ major, said,​ "The problem with economics is that it assumes that consumers and firms al

Your roommate, Serafina, a psychology major, said, "The problem with economics is that it assumes that consumers and firms al