Author Question: Rational, self-interested people would never end up worse off by any decision they make. Obviously, ... (Read 108 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
Rational, self-interested people would never end up worse off by any decision they make. Obviously, people often make mistakes or have regrets. Therefore, people do not act rationally or out of self-interest.
 
  Do you agree with these statements? Why or why not?

Question 2

The funds that polluters pay that gives them the right to discharge into the air or water a certain amount of pollution are
 
  A) special subsidies.
  B) regulation fees.
  C) external costs.
  D) effluent fees.



Jossy

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

No. People may make mistakes because they often do not have enough information to make the best decision or because they are wrong about the effect of their actions. When they make a decision, given their circumstances and the information they have, they make the best choice for themselves.

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

For a complete list of videos, visit our video library