« previous next »

Author Question: In economics, the concept that individuals are motivated by self-interest and respond predictably to ... (Read 175 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 29, 2018
In economics, the concept that individuals are motivated by self-interest and respond predictably to opportunities for gain is known as
 
  A) rational self-interest.
  B) altruism.
  C) sufficiency.
  D) empiricism.

Question 2

Economics deals with human needs. Do you agree or disagree? Why?
 
  What will be an ideal response?


scottmt

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Disagree. The concept of needs is difficult to define objectively for each person, so that economists consider people's unlimited wants instead of their needs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

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?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Medicinal leeches on a patient’s neck. Today leeches are sometimes used in microsurgery to prevent b Medicinal leeches on a patient’s neck. Today leeches are sometimes used in microsurgery to prevent b
Immune System Concept Map Immune System Concept Map
The karyotype of an XYY male. Affected individuals are usually taller than normal, and some, but not The karyotype of an XYY male. Affected individuals are usually taller than normal, and some, but not
What is the frequency of individuals that are homozygous for this allele? What is the frequency of individuals that are homozygous for this allele?
Economics question Economics question
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Video: Glycolysis Animation

For a complete list of videos, visit our video library