Which of the Following Is Not an Example of Rational

question 32

Multiple Choice

Which of the following is not an example of rational self-interest,as defined by economists?

• A)A person risking his or her life to save someone else.
• B)A wealthy widow leaving a million dollars in her will to her cat.
• C)A farmer turning down an offer for his land that would make him independently wealthy.
• D)A collector paying $4 million for a particular painting,when other paintings by the same painter were available at a lower price.
• E)An individual paying a high price for an electronic widget at a store instead of buying it at the adjacent store offering the same widget at a lower price.

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Definitions:

Annual Salary

The total amount of monetary compensation that an employee receives from their employer over the course of a year.

Pay Secrecy

The practice of prohibiting employees from discussing or disclosing information about their own or others' salaries and wages.

Discharge

The act of formally releasing or dismissing an individual from their position or duties, often due to performance issues or organizational restructuring.

Pay Policy

Systematic approach to establishing and maintaining equitable and competitive compensation structures within an organization.