According to economists,economic self-interest:

A) is a reality that underlies economic behavior.
B) has the same meaning as selfishness.
C) means that people never make wrong decisions.
D) is usually self-defeating.

Question

Cesar Alvarez · Accepted Answer

Final Answer : A, Explanation :  Economic self-interest refers to the idea that individuals act to maximize their own economic well-being, and is a fundamental principle of economic theory. It does not necessarily equate to selfishness, as individuals may pursue their self-interest through cooperation and exchange with others. While self-interested behavior can lead to efficient outcomes, it can also lead to negative consequences such as environmental degradation or market failures, which is why government intervention may be necessary in some cases.

According to economists,economic self-interest:

A) is a reality that underlies economic behavior.
B) has the same meaning as selfishness.
C) means that people never make wrong decisions.
D) is usually self-defeating.

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According to economists,economic self-interest:A) is a reality that underlies economic behavior.B) has the same meaning as selfishness.C) means that people never make wrong decisions.D) is usually self-defeating.

Definitions

Learning Objectives

Learning Objectives

Related questions

According to economists,economic self-interest:

A) is a reality that underlies economic behavior.
B) has the same meaning as selfishness.
C) means that people never make wrong decisions.
D) is usually self-defeating.