Multiple Choice
Economists focus on self-interest in explaining choices because:
A) individuals often are motivated by selflessness.
B) economists know people are selfish even if psychologists don't.
C) economists do not believe that there is more to making choices than maximizing utility.
D) it is a useful way to approach problems.
Correct Answer:

Verified
Correct Answer:
Verified
Q56: The absolute value of the slope of
Q57: The principle of diminishing marginal utility says
Q58: Joe is maximizing utility by consuming three
Q59: If the price of one can of
Q60: Behavioral economics:<br>A) tests the underlying economic assumptions
Q62: The underlying psychological foundation of individual choice
Q63: Economists have been interested in the following
Q64: If the price of Alpo increases from
Q65: The following table describes utility for
Q66: Jack Sprat could eat no fat, his