Self-interest
A) relates strictly to material well-being, such as a person's stock of wealth at a point in time.
B) is measured entirely based on an individual's income, whether earned from labor or inherited.
C) is inconsistent with economic analysis, which suggests that self-interest is irrational.
D) can involve any action that makes a person feel better off, such as charitable contributions.

Question

Quizplus · Accepted Answer

Self-interest refers to actions or behaviors that individuals engage in to make themselves feel better off. This can include not only material gain but also non-material benefits such as the satisfaction of helping others through charitable contributions. Economic analysis recognizes the importance of self-interest in driving individual behavior and decision-making.

Self-Interest