What is the best definition of a rational self-interest choice quizlet?
Rational self-interest. each individual tries to maximize the expected benefit achieved with a given cost or to minimize the expected cost of achieving a given benefit. Economic Choice.
What is meant by rational self-interest?
What are self-interest choices?
What is self-interest in economics quizlet?
Is rational self-interest the same thing as selfishness explain?
What is considered rational?
What is the role of self-interest in a market economy?
To be self-interested simply means that you seek your own personal gain. You go to work because you want to get paid so you can buy the things you want. You go to school so you can get a better job someday and earn more money to buy the things you want.
What is the difference between self-interest and selfishness quizlet?
What is the definition of competition quizlet?
Why is the self interest assumption useful to economists?
How do self-interest and competition affect the market?
How do rational people make decisions at the margin?
What is the difference between narrow self-interest and enlightened self-interest?
What is the difference between greed and self-interest?
How does self-interest incentives and competition affect the free market?
Which implies supremacy of self-interest over social interest?
Is greedy and selfish the same?
is that selfish is holding one’s self-interest as the standard for decision making while greedy is having greed; consumed by selfish desires.
What does Smith see as the role of government?
What does greed do to a person?
Is selfishness a sin?
Are stingy and greedy the same?
is that greedy is having greed; consumed by selfish desires while stingy is stinging; able to sting or stingy can be extremely close and covetous; meanly avaricious; niggardly; miserly; penurious; as, a stingy churl.
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