economics - 1. In economics, the pleasure, happiness, or...

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1. In economics, the pleasure, happiness, or satisfaction received from a product is called: A. marginal cost. B. rational outcome. C. status fulfillment. D. utility. 2. When economists say that people act rationally in their self interest, they mean that individuals: A. look for and pursue opportunities to increase their utility . B. generally disregard the interests of others. C. are mainly creatures of habit. D. are unpredictable. 3. According to economists, economic self-interest: A. is a reality that underlies economic behavior. B. has the same meaning as selfishness. C. is more characteristic of men than of women. D. is usually self-defeating. 4. 4. When entering a building, Sam diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of: A. irrational behavior. B. a lazy person. C. marginal benefit-marginal cost analysis. D. programmed learning.
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This note was uploaded on 10/15/2009 for the course ECON 2302 taught by Professor Parker during the Spring '09 term at University of Texas-Tyler.

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economics - 1. In economics, the pleasure, happiness, or...

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