When economists say that people act rationally in their self-interest, they mean that individuals
A) look for and pursue opportunities to increase their utility.
B) generally disregard the interests of others.
C) are mainly creatures of habit.
D) are usually impulsive and unpredictable.

Question

Quizplus · Accepted Answer

When economists say that people act rationally in their self-interest, they mean that individuals look for and pursue opportunities to increase their utility, which is their personal satisfaction or happiness. This does not necessarily mean that individuals disregard the interests of others or are impulsive and unpredictable.

When Economists Say That People Act Rationally in Their Self-Interest