When Economists Say That People Act Rationally in Their Self-Interest

question 359

Multiple Choice

When economists say that people act rationally in their self-interest, they mean that individuals

• A) look for and pursue opportunities to increase their utility.
• B) generally disregard the interests of others.
• C) are mainly creatures of habit.
• D) are usually impulsive and unpredictable.

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Definitions:

Cosmetic

Relating to treatments or products used to enhance or alter the appearance of the body, especially for beauty purposes.

Ablative

Describes treatments aimed at removing or destroying tissue, often used in the context of surgical procedures or cancer therapies.

Elective

Pertaining to a procedure or treatment chosen by the patient or physician that is not urgent but considered beneficial.

Preoperative Phase

The period of preparation and evaluation before a surgical procedure.