When economists say that people act rationally in their self-interest, they mean that individuals
A)look for and pursue opportunities to increase their utility.
B)generally disregard the interests of others.
C)are mainly creatures of habit.
D)are usually impulsive and unpredictable.

Question

Quizplus · Accepted Answer

Rational behavior in economics implies that individuals seek to maximize their utility or satisfaction from their actions, such as making purchases or choosing investments, based on the information available to them. This does not necessarily mean they disregard others' interests, act habitually, or are impulsive.

When Economists Say That People Act Rationally in Their Self-Interest