Which of the following is not an example of rational self-interest,as defined by economists?
A) A person risking his or her life to save someone else.
B) A wealthy widow leaving a million dollars in her will to her cat.
C) A farmer turning down an offer for his land that would make him independently wealthy.
D) A collector paying $4 million for a particular painting,when other paintings by the same painter were available at a lower price.
E) An individual paying a high price for an electronic widget at a store instead of buying it at the adjacent store offering the same widget at a lower price.
Correct Answer:
Verified
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A)consumers
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A)the level of education
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A)is illustrated by the
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