In a market system, self-interest is the motivating force that:
A. Makes individuals unwilling to deliver anything of value to others
B. Makes owners of resources always want to use their resources themselves
C. Leads the economy to chaos and confusion, especially the larger economies
D. Coordinates and creates consistency in the operations of various parts of the economy
Answer: D
You might also like to view...
Explain the long-adjustment process that take place in a monopolistically competitive industry that is earning pure economic profits
What will be an ideal response?
The Millennium Development Goals include
a. eliminating the proportion of people living on less than $1 per day. b. universal primary education. c. increasing exports by one half. d. all of the above.
The long-run response to a decrease in the money supply growth rate is shown by shifting
a. the short-run and long-run Phillips curves left. b. the short-run and long-run Phillips curves right. c. only the short-run Phillips curve left. d. only the short-run Phillips curve right.
A rational choice is one that:
A. does not involve self-interested behavior. B. allows individuals to reach their goals. C. is usually optimized when decision makers are poorly informed about alternatives. D. involves the use of strategic decision making in an effort to reach a goal.