Question

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

Explanation:

In economics, self - interest refers to actions that individuals take to maximize their own well - being. This can include a wide range of motives. Just because a person has a reason for an action, it can be considered self - interested. People can perform acts of charity for self - interested reasons like feeling good about themselves. Self - interest is not the same as selfishness, and it doesn't always mean a desire for greater wealth above all else.

Answer:

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