When Individuals Act in Their Own Self-Interest

question 164

Multiple Choice

When individuals act in their own self-interest:

• A)efficiency is always achieved.
• B)equity is always achieved.
• C)society may be worse off in some cases.
• D)all opportunities have been taken to make some people better off without making other people worse off.

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Definitions:

Decompression

The reduction in pressure exerted on a material, often leading to changes in its physical state or phase.

Melting Mantle

The process in which the Earth's mantle, the layer between the crust and the core, experiences partial melting to form magma.

Conduction

The transfer of heat or electricity through a substance without substantial movement of the substance itself.

Minerals Crystallize

The process by which minerals form a structured, solid arrangement from a liquid or gaseous phase as they cool or evaporate.