... rank different choices of spending based on their satisfaction.Secondly, of a student prefers choice A to choice B, and choice B to choice C, this means that he prefers choice A to choice C.Thirdly, ... choice B to choice C, this means that he prefers choice A to choice C.Thirdly, students will choose the choice of expenditure that benefits them most.- 5 -Econometrics Assignment3. THE KEYNESIAN ... means that although there are many ways of planning expenditure, students will only follow the choice that is most likely to optimize their satisfaction. Moreover, as there always exists -...