When Economists Say That People Act Rationally in Their Self-Interest

question 22

Multiple Choice

When economists say that people act rationally in their self-interest, they mean that individuals

• A)look for and pursue opportunities to increase their utility.
• B)generally disregard the interests of others.
• C)are mainly creatures of habit.
• D)are usually impulsive and unpredictable.

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Definitions:

Human Instinct

Innate, typically fixed patterns of behavior in humans responding to certain stimuli, fundamental for survival and reproduction.

Infant Sucking

A reflex action in newborns and infants for feeding and comfort, involving the rhythmic drawing into the mouth and suction of liquids.

Learned Behaviors

Actions or reactions that individuals acquire through experience and interaction with the environment.

Homeostasis

Homeostasis is the process by which a living organism or cell maintains a stable internal environment despite changes in external conditions.