If People Act as If They Systematically Pursue Their Own

question 173

Multiple Choice

If people act as if they systematically pursue their own self-interest, then they will most likely

• A) respond irrationally to any incentive.
• B) respond to a given incentive in a random manner.
• C) respond predictably to a given incentive.
• D) not respond to any incentive.

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Definitions:

Complete Combustion

A chemical reaction in which a compound reacts with an oxygen-rich environment to produce a complete oxidation, releasing maximum energy.

Ethanol

A volatile, flammable, colorless liquid, commonly known as alcohol, used in beverages and as a solvent or fuel.

Complete Combustion

A chemical process in which a compound, usually a hydrocarbon, reacts fully with an abundant supply of oxygen to produce carbon dioxide, water, and energy.

Ethane Gas

A colorless, odorless gas that is the simplest alkane, with the formula C2H6, used as a fuel and a petrochemical feedstock.