When economists say that people act rationally in their self interest, they mean that individuals _______?
Correct answer: A. look for and pursue opportunities to increase their utility
- 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 unpredictable
Explanation
Rational self-interest means seeking choices and opportunities expected to increase personal utility, or satisfaction. It does not imply that people always ignore others, since helping others may also provide satisfaction.
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