Which of the Following Statements Best Reflects Behavioral Economists' Views

question 261

Multiple Choice

Which of the following statements best reflects behavioral economists' views on self-interest versus the interests of others?

• A)Self-interest dominates human behavior; even seemingly selfless behavior is driven by self-interest.
• B)Most people care so deeply about others that self-interest is a minor consideration in their decision making.
• C)The system is most efficient when people focus solely on their self-interest and allow the invisible hand to work out what is best for society.
• D)People are always self-interested to a degree, but their behavior is also affected by moral and ethical considerations.

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Definitions:

Business Loans

Financial products offered by banks and financial institutions to companies for the purpose of funding operations, expansions, or investments.

Commercial Loans

Commercial loans are debt-based funding agreements between businesses and financial institutions, used primarily for business purposes.

Truth In Lending Act

Legislation at the national level that facilitates educated decisions about consumer credit use by demanding information on its terms and fees be made available.

Unauthorized Use

The use of property, resources, or confidential information without permission from the rightful owner or authority.