Which of the following is always TRUE of rational behavior?
A) It always entails pursuing one's own best interest.
B) It always yields the best possible outcome for all individuals.
C) It never involves the pursuit of greedy self-interest.
D) It never involves taking into account the interests of others.
Correct Answer:
Verified
Q125: The rationality assumption says that
A) people do
Q126: People respond to incentives
A) by ignoring negative
Q127: Which of the following is a TRUE
Q128: John has a math test tomorrow. He
Q129: The threat of a large fine for
Q131: The assumption that individuals will not intentionally
Q132: Economists assume people behave
A) instinctively.
B) rationally.
C) irrationally.
D)
Q133: Self-interest relates to
A) only monetary objectives.
B) both
Q134: A decision made by a rational person
A)
Q135: Economists assume people are motivated by
A) unlimited
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