Which of the Following Statements About Self-Interest in a Market

question 68

Multiple Choice

Which of the following statements about self-interest in a market system is false?

• A) Self-interest usually motivates an individual to deliver something of value to others.
• B) Self-interest of entrepreneurs implies seeking maximum profits or minimum losses.
• C) Self-interest applies only to capitalists and entrepreneurs, not to workers employed by others.
• D) In a market system, consumers are just like firms: self-interest is what motivates them.

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Definitions:

Honest Signaling

A concept in evolutionary biology where signals, often used in mate selection, reliably indicate the fitness or quality of the signaler.

Deceitful Signaling

A form of communication in the animal kingdom where an organism sends a misleading signal to benefit itself at the expense of another.

Signal Benefit

The advantage gained by individuals from communicating certain information to others, often in the context of mating or social interaction.

Eavesdropping

In animal behavior, the act of intercepting and using signals or communication between other individuals to one's own advantage.