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      Question

      An “Economic Man” is considered one who chooses the

      best option and acts in self interest. Which of the following is likely to be characteristic of such an individual?
      A Subjective thinker Correct Answer Incorrect Answer
      B Emotional Thinker Correct Answer Incorrect Answer
      C Rational Thinker Correct Answer Incorrect Answer
      D Intuitive Thinker Correct Answer Incorrect Answer
      E All of the Above Correct Answer Incorrect Answer

      Solution

      Economic man is a theoretical construct in economics that describes an idealized human being who is rational, self-interested, and consistently makes decisions to maximize utility or profit.

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