Solved

The Term Rational Self-Interest,as Viewed by Economists,means

Question 40

Multiple Choice

The term rational self-interest,as viewed by economists,means:


A) consumers would never pay more for a good simply because it carried a certain designer label.
B) only economists are capable of making choices according to rational self-interest.
C) people never act until they have perfect information in order to guarantee that they act in their own self-interest.
D) consumers always seek the least expensive option when making a purchase,regardless of individual preferences.
E) people will make the choices that,given the information available,will give them the greatest amount of satisfaction.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents