Question

The view mentioned in the last paragraph (“Taking the path… real life”) refers to which of the following?

• A. People are loath to make any choice when faced with a plethora of options.
• B. Consumers prefer to seek expert guidance when making a choice.
• C. Employers coax workers to accept pension plans with fixed contribution rates.
• D. The view that more choice is good for consumers should be regarded with skepticism.

Hint:

When evaluating options in comprehension passages, focus on phrases that appear in the final lines to match the specific reference.

Answer 1

The Correct Option is D

The last paragraph refers to the idea that "more choice is good" as something that may not always hold true in real-life situations. It discusses how people with too many options sometimes fail to choose at all. It cites examples like workers who stick to default pension options, showing that too much choice can overwhelm rather than empower.
This reinforces the author's larger argument that real-life economic behavior is often irrational and deviates from classical assumptions—thus, the idea that "more choice is better" should be viewed skeptically.