Question

Self-interest

a. relates strictly to material well-being, such as a person's stock of wealth at a point in time.
b. can involve any action that makes a person feel better off, such as charitable contributions.
c. is inconsistent with economic analysis, which suggests that self-interest is irrational.
d. is measured entirely based on an individual's income, whether earned from labor or inherited.

Answer 1

Answer:

b. can involve any action that makes a person feel better off, such as charitable contributions is the correct answer.

Explanation:

• Self-interest relates to activities that elicit self-interest and personal profit.

• Self-interest is useful when used in a healthy manner.

• People are always motivated through self-interest.

• Charitable contributions are the best example of self-interest because when someone decides to do charitable contribution, they do such activities because of their self-interest or personal interest and doing such activities make them feel happy.