The Phrase "Smart for One, but Dumb for All" Refers

question 110

Multiple Choice

The phrase "smart for one, but dumb for all" refers to the idea that the individual pursuit of self-interest:

• A)only leads to an efficient outcome when everyone is well-informed.
• B)always leads to an efficient outcome.
• C)never leads to an efficient outcome.
• D)doesn't always lead to an efficient outcome.

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Definitions:

Delusion

A false belief or impression that is held despite invalidating evidence, often as a symptom of a psychiatric disorder.

Rescind

To revoke, cancel, or repeal a law, order, or agreement.

Detoxification Center

A facility specializing in helping individuals overcome substance abuse through medical and therapeutic interventions.

Nonrefundable

A payment or fee that cannot be returned to the payer under most circumstances.