When Studying Human Behavior, Economists Assume Rational Self-Interest

question 83

Multiple Choice

When studying human behavior, economists assume rational self-interest. This means that:

• A) People make decisions based on some desired outcome
• B) People are quite selfish, and are not concerned about others
• C) People always make the right decisions
• D) People have all the information they need to make a decision

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Definitions:

Night of the Long Knives

A purge that took place in Nazi Germany from June 30 to July 2, 1934, where Adolf Hitler ordered the execution of potential political rivals and dissenters.

S.A.

Also known as the Sturmabteilung, the original paramilitary wing of the Nazi Party, known for their significant role in Adolf Hitler's rise to power.

Lebensraum

A concept from German geopolitics, literally meaning "living space," used to justify expansionist policies by claiming the necessity of acquiring more territory for a nation's growth.