Question

Choose the statement below that explains self- interest from an economist's point of view.
a)Self-interest is making decisions that benefit a government's economic situation.
b)Self-interest involves making decisions that benefit a friend's economic situation.
c)Self-interest involves letting others making decisions that benefit their economic situation.
d)Self-interest involves making decisions that benefit an individual's own economic situation.

Answer 1

The correct answer for the question that is being presented above is this one: "d)Self-interest involves making decisions that benefit an individual's own economic situation." The statement that explains self- interest from an economist's point of view is that d)Self-interest involves making decisions that benefit an individual's own economic situation.