Adam Smith's behavioral assumption about humans was that people

A) usually act in a rational, self-interested way. B) are consistently greedy.
C) typically act irrationally. D) typically act randomly.

A

Economics

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Investments that a bank makes are known as:

A) deposits. B) liabilities. C) assets. D) capital.

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When the market for gasoline in Motorland is in equilibrium, the market price of gasoline is ________ the marginal social cost

A) $1.50 above B) $1.50 below C) equal to D) $1.20 above

Economics