If a Decision Is Made and It Is the Best

question 105

Multiple Choice

If a decision is made and it is the best choice for society,the decision is said to be

• A)consistent with scarcity.
• B)a want-maximising choice.
• C)a valid economic choice.
• D)made in the social interest.
• E)made in self-interest.

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Definitions:

Tendency To Help

An inclination or natural propensity in humans to provide assistance or aid to others in need.

Altruism

Unselfish concern for the welfare of others; selflessness.

Reward

A stimulus given to a person or an animal to encourage a particular behavior, reinforcing the behavior's occurrence.

Conformity

The practice of aligning one’s attitudes, beliefs, and actions with the norms or policies of a group.