Question

Keeping up with the Joneses and the Duesenberry effect are two behaviors that appear to ______________________...

Keeping up with the Joneses and the Duesenberry effect are two behaviors that appear to ______________________ the ____________________ assumption.

support; rational behavior

violate; rational behavior

support; efficient markets

violate; efficient markets
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Answer #1

Keeping up with jonases and duesenberry effect are two behaviour that support the the rational behaviour effect which emphasizes that a person should be taking only such decision which will benefit him rather than such decision which will harm him.

Keeping up with jonases and duesenberry effect focus on the relative earning approach in which people try to imitate and copy the earnings of the neighbours, so both support the rational behaviour approach.

So the correct answer would be

(A) Support, Rational behaviour

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