About? self-interest as used in the study of? economics

Assignment Help Business Economics
Reference no: EM13997250

Which of the following is a true statement about? self-interest as used in the study of? economics?

A. Any action can be based on? self-interest if the person has some reason for the action.

B. ?Self-interest means that people will never perform an act of charity.

C. ?Self-interest implies that people are selfish.

D. ?Self-interest means that people want greater levels of wealth more than anything else.

Reference no: EM13997250

Questions Cloud

Describe what hacking of memory or hacking of ram : Write two to three(3) page paper in which you: Describe what hacking of memory or hacking of RAM means. Examine the common tools that hackers use to hack into memory of computing devices. Detail two (2) real-life examples of such tools in action
What is the annual coupon payment : Consider a 30 year $10,000 (risk-free) bond with annual coupon rate of 4.25%. What is the annual coupon payment?  If the yield to maturity on the bond is 4%, what must be the market price for the bond? Is the bond selling at a discount of (below) or ..
The rationality assumption as used in economics : The rationality assumption as used in economics
The fees banks can charge for noncustomer transactions : From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $10 million in withdrawals from other banks’ ATM machines. Based on this infor..
About? self-interest as used in the study of? economics : Which of the following is a true statement about? self-interest as used in the study of? economics?
Briefly describe any other steps that should be taken : Prepare any journal entry necessary as a direct result of the change as well as any adjusting entry for 2011 related to the situation described. (Ignore income tax effects.)
How much is each shareholders personal income tax return : How much is each shareholders personal income tax return affected for the current year by the tax items of X and how will X's distribution of $100 to each shareholder in the current year affect the shareholders?
Factors affect the distribution of primary producers : How do limiting factors affect the distribution of primary producers? What are two examples?
How does a storm surge differ from a breaking wind wave : How does a storm surge differ from a breaking wind wave

Reviews

Write a Review

 

Business Economics Questions & Answers

  What is the utility maximizing or optimization condition

Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b? Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b? What is the utility maximizing or optimization condition?

  Why may a budget surplus be considered undesirable

How is it possible for some people to pay "negative" taxes? Why is it important to distinguish between deficits and debt? Why may a budget surplus be considered undesirable?

  Cultural-political and environmental of globalization

What can be said about the benefits and problems of each dimension (economic, cultural, political and environmental) of globalization? Is globalization a positive force overall?

  What marr does the investment represent

A college graduate with a B.S. in Mechanical Engineering expects to earn, on average, $20,000 per year more than an engineer without a B.S. degree. If the graduate expects to work for 35 years, and the cost of the college education is $100,000, what ..

  Explain relationship between scarcity choice and cost

Explain the relationship between scarcity, choice and opportunity cost. A well-structured answer will include:

  Demand curve that is unit elastic for price change

Sketch a demand curve that is unit elastic for a price change between $9 and $11. Assume that the quantity demanded is 110 when price is $9. You’ll have to determine the quantity demanded when price is $11.

  Firm that holds a global monopoly

Business firm that holds a global monopoly on a particular product but is currently selling the product only in its domestic market where its profits are substantial.

  Explain how many cars does the united states export

Explain how many cars does the United States export. Suppose a car costs $10,000 on the world market. How much, then, does a barrel of oil cost on the world market.

  Calculate the firms inverse demand function

Calculate the firm's inverse demand function. Calculate the firm's marginal and average cost function. Find all values of Q that satisfy the first order condition for the firm's problem. Calculate the firm's profit maximizazing price and quantity.

  Cost of producing wheat is the rental cost of land

A farmer is producing where MC = MR. Say that half of the cost of producing wheat is the rental cost of land ( a fixed cost ) and half is the cost of labor and machines ( a variable cost ) . If the average total cost of producing wheat is $20 and the..

  What types of jobs would you seek after college

Are there any good reasons to have 12 Federal Reserve banks scattered around the country rather than having everything run by the Board of Governors in Washington, D.C.? What are the costs and benefits? Suppose that you thought that someday you would..

  What is the expected end of year after tax cash flow

The current price of scrap steel is $6/pound, but it was 4.87/pound just 4 years ago. What is the average inflation rate for scrap steel? Assuming in the last year of a project that Revenue was $100,000, Expenses were $50,000, Working Capital Release..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd