The phrase in the text, 'human beings are self-interested, not selfish' means that:
a. people are never selfish.
b. people never act in a spiteful or belligerent manner.
c. people never act in a fit of rage.
d. people contribute to charities and they help others.
e. people care only about themselves and their families.
d
Economics
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Economists generally agree that increases in the minimum wage increase employment
Indicate whether the statement is true or false
Economics
The market demand for wheat is Q = 100 - 2p + 1pb, where pb is the price of barley. If the price of wheat is $2, the price elasticity of demand
A) equals (-4/46). B) equals (-46). C) equals (-1). D) cannot be calculated without more information.
Economics