Which of the Following Views Might Affect How an Economist

question 21

Multiple Choice

Which of the following views might affect how an economist formulates ideas about self-interest?  

• A) People who choose to promote the interests of others cannot be acting rationally in their own self-interest. 
• B) People show concern only for those whom they know personally. 
• C) The notion of self-interest rules out concern for others. 
• D) Concern for the welfare of others is consistent with the concept of self-interest.

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Definitions:

Postindustrial Societies

Societies characterized by an economy that has transitioned from a focus on manufacturing and industry to one emphasizing services and information.

Matrilocal Residence

A residence pattern in which a married couple lives in the wife's mother's place of residence.

Marriage Compensation

A form of payment or gift given to the bride's family by the groom's family before, during, or after the wedding in certain cultures as part of marriage arrangements.