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The Assumption of Rational Self-Interest Means That Economic Decision Makers

Question 17

Multiple Choice

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


A) have no concern for the welfare of others.
B) make reasonable decisions based on their expectations of results.
C) know with certainty which choice will have the best result.
D) consider the welfare of others to be more important than their own happiness.
E) do not make incorrect decisions or bad choices.

Correct Answer:

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