When economists assume that people are motivated by rational self-interest, they are implying that
A) people seek to make society better off.
B) people respond only to material incentives.
C) people seek to do those things that are in their own best interests.
D) people seek to be self-sufficient.
Correct Answer:
Verified
Q18: Q19: Economic growth results from Q20: The downward-slope of the production possibilities curve Q21: The slope of the production possibilities curves Q22: What might cause a country to operate Q24: The production possibilities curve represents Q25: Which one of the following statements is Q26: In moving from point to point along Q27: Technology can cause the production possibilities curve Q28: ![]()
A) lower prices.
B) higher
A) possible combinations![]()
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