How Is It That People Working in Their Own Self-Interest

question 255

Multiple Choice

How is it that people working in their own self-interest produce goods, services, and wealth for others?

• A) By taking advantage of a vast supply of labor, people working in their own self-interest could hire others at very low wages.
• B) In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.
• C) The government pays entrepreneurs in the U.S. to produce goods, services, and wealth for others.
• D) Entrepreneurs tend to include themselves in a group of people who need charitable support. A portion of the entrepreneur's profit (as required by law) goes to the charity of one's choice to support the less fortunate.

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Definitions:

Engagement Ring

A ring typically given as a symbol of commitment when proposing marriage.

Conditional

A status that depends on certain requirements being met or conditions being fulfilled.

Recover

The act of obtaining a return to a normal state of health, mind, or strength, or regaining possession or control of something lost or taken away.

Marriage

Marriage is a legally or culturally sanctioned union between individuals that establishes rights and obligations between them, as well as between them and their children.