Economists focus on self-interest in explaining choices because:
A) individuals often are motivated by selflessness.
B) economists know people are selfish even if psychologists don't.
C) economists do not believe that there is more to making choices than maximizing utility.
D) it is a useful way to approach problems.

Question

Quizplus · Accepted Answer

Economists use the concept of self-interest as a simplifying assumption to model and predict behavior, as it provides a consistent framework for analyzing decision-making and market outcomes.

Economists Focus on Self-Interest in Explaining Choices Because