In a market system, self-interest is the motivating force that
A) makes individuals unwilling to deliver anything of value to others.
B) makes owners of resources always want to use their resources themselves.
C) leads the economy to chaos and confusion, especially the larger economies.
D) coordinates and creates consistency in the operations of various parts of the economy.

Question

Quizplus · Accepted Answer

In a market system, self-interest motivates individuals to seek their own benefit, which in turn coordinates the operations of various parts of the economy. When people pursue their own self-interest, they tend to produce goods and services that others are willing to pay for, which leads to mutual gain and creates consistency in the economy. Essentially, the pursuit of self-interest leads to a self-regulating economy that maximizes overall welfare. Therefore, choice D is the correct answer.

In a Market System, Self-Interest Is the Motivating Force That