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When Economists Say That People Are Self-Interested, They Mean That

Question 4

Multiple Choice
When economists say that people are self-interested, they mean that people are

When economists say that people are self-interested, they mean that people are


A) using their scarce resources to maximize their well-being.
B) selfish.
C) greedy for other peoples' possessions.
D) efficiently substituting market demands for complementary goods.
E) reacting to shortages by creating surpluses of socially acceptable wants and needs.

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