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Which of the following are important assumptions that economists make when developing theories?
Ceteris paribus and self-interest
When is the pursuit of self-interest in the social interest?
when something of your self interest benefits the society.
A firm that is motivated by self interest should use how much input?
A firm that is motivated by self interest should:
When is the pursuit of self-interest in the social-interest in the globalisation?
When your interest benefits the society directly and indirectly.
A basic assumption of economics is?
A rational self-interest.
Which of the following are important assumptions that economists make when developing theories?
Ceteris paribus and self-interest
What are the negitives of globalization?
1.Lose self dependency and self reliance 2.Ruins domestic industries. 3.Developing countries may loose cultural identity. 4.More dependency on foreign capital and technology . 5.Developing countries may become the market of developed countries. 6.Developing countries may be the victim of International Monopolies.
When is the pursuit of self-interest in the social interest?
when something of your self interest benefits the society.
Rational self-interest implies that.?
Rational self-interest implies that
What is an example of someone with enlightened self interest?
examples of Enlightened self-interest
Why didn't the Greeks develop a large empire?
Their various nomadic tribes settled in fertile valleys with mountains around them, developing independent city-states. The had no desire to amalgamate with other cities which might exploit them, and lose their prized independence and self-determination. The city-states formed leagues to promote their self-interest, but changed sides over time as self-interest dictated.
What two forces should motivate the words you communicate?
self interest and fear
What do freedom based ethics focus on?
decisions arrived at based on self-interest or impluses
What does Thomas Paine say in response to the argument that the British have protected the colonies?
That Britain only did so out of self-interest
What do economists mean by self-interest?
People act in their own self interest, meaning that all they think about is themselves.
A firm that is motivated by self interest should use how much input?
A firm that is motivated by self interest should:
Do all people act out at self interest?
All people act out of self interest at one time or another, but some people act out of self interest most, if not all, of the time. People who act out of self interest regardless of how their actions affect others often have psychological issues or are extremely selfish.
