The Golden Rule "Do unto others as you would have done unto you" is an example of the economic concept of:
A) marginal utility.
B) altruism.
C) reciprocity.
D) selfishness.

Question

Quizplus · Accepted Answer

The Golden Rule is an example of reciprocity, which is an important economic concept. Reciprocity refers to the idea that individuals and societies tend to behave in ways that are reciprocal to the behavior of others. In other words, people are more likely to treat others well when they are treated well themselves, and vice versa. Reciprocity is an important driver of economic behavior, as it helps to create trust and cooperation between individuals and groups, which is essential for economic exchange and trade.

The Golden Rule "Do Unto Others as You Would Have