Which of the following statements best reflects behavioral economists' views on self-interest versus the interests of others?
A. Self-interest dominates human behavior; even seemingly selfless behavior is driven by
self-interest.
B. Most people care so deeply about others that self-interest is a minor consideration in their
decision making.
C. The system is most efficient when people focus solely on their self-interest and allow the
invisible hand to work out what is best for society.
D. People are always self-interested to a degree, but their behavior is also affected by moral
and ethical considerations.
Answer: D
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Indicate whether the statement is true or false
The budget constraint illustrates all of the combinations of goods and services that the consumer can afford
a. True b. False Indicate whether the statement is true or false
Anna, a U.S. citizen, works only in Germany. Where is the value she adds to production in Germany included?
What will be an ideal response?
Using the following sequential-move production game, determine whether player B has a first-mover advantage and identify the strategy that leads to that advantage: 
A. Player B has a first-mover advantage. The equilibrium strategies leading to an advantage are {(low output); (if low output, high output), (if high output, high output)}. B. Player B has a first-mover advantage. The equilibrium strategies leading to an advantage are {(high output); (if low output, high output), (if high output, low output)}. C. Player B has a first-mover advantage. The equilibrium strategies leading to an advantage are {(low output); (if low output, high output), (if high output, low output)}. D. Player B does not have a first-mover advantage in the game.