Economics does not study correct or incorrect behaviors but rather it assumes that economic agents behave ________, meaning they make the best decisions given their knowledge of the costs and benefits.

Respuesta :

Answer:

Rationally.

Explanation:

Economics does not study correct or incorrect behaviors but rather it assumes that economic agents behave rationally, meaning they make the best decisions given their knowledge of the costs and benefits. Economics can be best defined as the study analyzing how society and individuals use their financial resources. Economics tells us that within any society, how goods and services are produced, distributed and consumed. Economic agents are decision makers who make an effect and impact on an economy by selling, buying, producing and consuming products and services. Firms, households, individuals and businesses are some of the examples of economic agents. They should behave rationally and have the knowledge of cost benefits analysis of products and services which they produce, sell and consume.

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