"Economists assume people are selfish." Do you agree with this statement or not? Explain
What will be an ideal response?
Economists do not assume people are selfish, although clearly some people are. Self-interest does not necessarily mean selfishness. People have many goals, some of which may be self-centered and some of which may be more altruistic. Charity is consistent with self-interested behavior.
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If over a short time there is an increase in the number of people retired and a decrease in the number of people working, then productivity
a. and real GDP per person rise. b. rises but real GDP per person falls. c. falls and real GDP per person rises. d. and real GDP per person fall.
The quantity of U.S. bonds foreigners want to buy is taken into account
a. in the U.S. supply of loanable funds and the supply of dollars in the market for foreign-currency exchange. b. in the U.S. supply of loanable funds and the demand for dollars in the market for foreign-currency exchange. c. in the U.S. demand for loanable funds and the supply of dollars in the market for foreign-currency exchange. d. in the U.S. demand for loanable funds and the demand for dollars in the market for foreign-currency exchange.
Which of the following is not an example of a crime contemplated by the rational criminal model?
A. Car theft B. Murder for hire C. Insurance fraud D. School shooting
Judging from the table of the four types of goods, goods that are nonrival in consumption would include ______.
a. pizzas and automobiles
b. rainforest trees and clothing
c. the atmosphere and rainforest trees
d. movie streaming and street lighting