When people make choices that will give them the greatest amount of satisfaction at a particular time based on the information they have at their disposal, it is called
A)economic independence.
B)conspicuous consumption.
C)rational self interest.
D)socialism.

Question

Quizplus · Accepted Answer

Rational self-interest refers to the principle that individuals make decisions that they believe will give them the greatest satisfaction based on the information they have. This concept is fundamental in economics, where it is assumed that individuals act to maximize their utility.

When People Make Choices That Will Give Them the Greatest