One of the guiding principles of economics is that people try to make themselves as well off as possible.

Name: One of the guiding principles of economics is that people try to make themselves as well off as possible.
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Question

Quizplus · Accepted Answer

This is one of the basic assumptions of the rational economic model, which holds that individuals act in their own self-interest and seek to maximize their utility or satisfaction.

One of the Guiding Principles of Economics Is That People