If a decision is made and it is the best choice for society,the decision is said to be
A)consistent with scarcity.
B)a want-maximising choice.
C)a valid economic choice.
D)made in the social interest.
E)made in self-interest.

Question

Quizplus · Accepted Answer

A decision made in the social interest means that it benefits society as a whole, rather than benefiting only a single individual or group. It takes into account the externalities that the decision may have, such as impact on the environment, other industries, or future generations. It is, therefore, the best choice for the greater good of society.

If a Decision Is Made and It Is the Best