Economists assume people are selfish. Do you agree with this ...

[joesmith1212]

Economists assume people are selfish. Do you agree with this statement or not? Explain.
 
  What will be an ideal response?

Question 2

To be officially counted as unemployed, a person must be
 
  A) at least 16 years old.
  B) at least 18 years old.
  C) at least 21 years old.
  D) any age, so long as you are looking for work.

[Cheesycrackers]

Answer to Question 1

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.

Answer to Question 2

A

[joesmith1212]

Wow, this really help

[nathang24]

Thanks for the timely response, appreciate it