Friday, July 1, 2011

The assumption of rational self-interest means that economic decision makers

ECONOMICS

Multiple Choice

The assumption of rational self-interest means that economic decision makers

a.have no concern for the welfare of others

b.consider the welfare of others to be more important than their own happiness

c.know with certainty which choice will have the best result

d.make reasonable decisions based on their expectations of results

e.do not make incorrect decisions or bad choices

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