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

question 96

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.

Identify and predict the major organic products of various chemical reactions.

Describe the processes involved in converting cyclohexane to 1-methylcyclohexanol.

Understand the use and mechanism of Wolff-Kishner reduction in organic chemistry.

Identify functional groups in organic molecules from their structures.

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Definitions:

Imports

Goods and services bought from foreign countries for domestic consumption or use.

Exports

Goods or services produced in one country and sold to buyers in another country.

Budget Surplus

A situation where income or revenues exceed expenditures over a specific period of time, typically a fiscal year.

Budget Deficit

A budget deficit happens when a government's expenditures surpass its revenues within a given fiscal period.