According to the adaptive rationality standard, individuals:

A. are irrational if they choose to have preferences that are not self-interested.
B. might rationally choose to have preferences that are not self-interested.
C. always behave according to their own narrow self-interest.
D. are unable to choose what kind of preferences to have.


Answer: B

Economics

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Negative economic growth in the long-run can be illustrated in Figure 17.1 by

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Why are too few resources devoted to the creation of knowledge?

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The seller side of the market is known as the:

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Economics