According to economists, economic self-interest:

Related Mcqs:

One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?

A. Okun’s Law B. classical theory C. Consumer price index D. none of the above...

For economists, the word “utility” means:

A. versatility and flexibility B. rationality C. pleasure and satisfaction D. purposefulness...

In economics, the pleasure, happiness, or satisfaction received from a product is called ______?

A. marginal cost B. rational outcome C. status fulfillment D. utility...

When economists say that people act rationally in their self interest, they mean that individuals _______?

A. look for and pursue opportunities to increase their utility B. generally disregard the interests of others C. are mainly creatures of habit D. are unpredictable...

For Economics category a first Nobel prize was given in____________?

A. 1901 B. 1969 C.1945 D. 1968...