What Is the Economic Man? - Concept, Assumptions & Constraints

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following pursuits will the Economic Man always pursue as a consumer?

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1. Which functions does the Economic Man fulfill in an economy?

2. Why is the Economic Man a flawed model of human behavior?

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About This Quiz & Worksheet

Use this tandem of resources to get a better grasp on the Economic Man. You should be able to answer quiz questions on topics such as what the Economic Man will pursue as a consumer and what function he fulfills in an economy.

Quiz & Worksheet Goals

These study tools will guide you to:

  • Identify a flaw of the Economic Man
  • How Economic Man relates to consumer pursuits
  • Determine who Economic Man was invented to portray

Skills Practiced

These study skills will help you along:

  • Knowledge application - ensure that you can understand 'input precision' as it relates to the Economic Man
  • Making connections - use understanding of the concept of the Economic Man and how it is connected to the pursuits of a consumer
  • Interpreting information - verify that you can read information regarding a flaw of the Economic Man and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the function the Economic Man fulfills in an economy

Additional Learning

With this lesson, you will be able to delve into the topic of the Economic Man. The lesson is entitled What Is the Economic Man? - Concept, Assumptions & Constraints and it covers the following:

  • Recognize what the Economic Man can do
  • Analyze how the Economic Man produces and consumes goods
  • Understand the human nature of the Economic Man
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