From an economists' perspective, which of the following observations is not true?
A)Self-interest is purely monetary in nature.
B)Self-interest can include benevolence.
C)Self-interest is a good predictor of human behavior in most situations.
D)Self-interest is not the same as selfishness.

Question

From an economists' perspective, which of the following observations is not true?
A)​Self-interest is purely monetary in nature.
B)​Self-interest can include benevolence.
C)​Self-interest is a good predictor of human behavior in most situations.
D)​Self-interest is not the same as selfishness.

Quizplus · Accepted Answer

Economists do not believe that self-interest is purely monetary in nature. Self-interest encompasses a range of motivations, which can include non-monetary factors such as altruism, social status, and personal satisfaction.

From an Economists' Perspective, Which of the Following Observations Is