This economist believed that people acted in a way that satisfied their own economic self-interest. Which of the following economist introduced this way of thinking to society?

John Maynard Keynes
Milton Friedman
Gary Becker
Adam Smith

Answers

Answer 1
Milton Friedman is the correct anwser
Answer 2

Milton Friedman was an economist who thought that individuals behaved in ways that served their own economic self-interest. As a result, choice (B) is the best one.

What do u meant by Self-Interest?

A self-interested activity is one that results in a benefit for the self. The founder of modern economics, Adam Smith, asserts that people acting in their own self-interest are typically able to achieve the greatest economic advantage for all.

His explanation of the Invisible Hand demonstrates that when dozens or even thousands of people operate in their own self-interest, products and services are produced that are advantageous to both customers and producers.

Additionally, Smith and other economists have researched the actions of rational self-interest, which suggests that most people will act in an economically sensible manner when faced with choices that will affect their own personal income and well-being and can also support the beneficial effects of the Invisible Hand.

Learn more about Self-Interest, from :

brainly.com/question/1219935

#SPJ6


Related Questions

In Mexico, power is shared between the national government, 31 state governments, and Mexico City. Which type of government system does Mexico have?
unitary
federal
parliamentary
confederal

Answers

Answer:

it's a federal government

Answer: Federal

Explanation: Got a 100 on the test

Complete the sentence with the future perfect form of reach.

Answers

Answer:

will have reached

Explanation:

will have v3

this is the structure for future perfect tense

V3 for reach is reached

Why does English often serve as a lingua franca throughout South and Southeast Asia?

Answers

Answer:

English often serves as a lingua franca throughout South and Southeast Asia because the British established their powers and rules over the south and South East Asia. After World War 2, France became a lingua franca

Answer:

English often serves as a lingua franca throughout South and Southeast Asia because the British established their powers and rules over the south and South East Asia. After World War 2, France became a lingua franca.

Explanation:

hope it helps

Nora has a quick temper, overreacting in anger every time one of her classmates does something she doesn't like. Her teacher suggests that whenever another student annoys her, she should (1) stop to decide what behavior in particular is bothering her, (2) think about several possible ways of responding to the behavior, and (3) choose the response that is most likely to be both productive and prosocial. In self-regulation terminology, the teacher is trying to promote ________ in Nora.

Answers

Explanation:

How she can control her anger

Becky and Eric are best friends and are taking the same sociology course. They have formed a study group to prepare for the tests. As the course progresses, Becky tends to earn much higher test grades and discovers that Eric has found out that she scores higher on the tests. Becky wants to continue to do well in the class, but she doesn't want to make Eric look or feel bad. It is likely that Becky is experiencing

Answers

Answer:

Becky is experiencing role strain

Define self awareness and factors that you may consider to develop your self awareness ​

Answers

Answer:

Definition: Conscious knowledge of one's own character, feelings, motives, and desires.

Factors: Being yourself

Explanation:

Why would countries import goods from other countries?

A. it is closer

B. more expensive costs

C. it takes more people to make goods

D. cheaper costs

Answers

counties import goods from other countries because of cheaper cost

“People want more things than they have money to buy”
“The hoods and services a society can produce at any one time are limited”
What problem results from these two conditions?
A. Scarcity
B. Imbalance of power
C. Excessive wealth
D. Opportunity cost

Answers

D. Opportunity cost

Because in the end if you want something you have to work for it, no matter what. Everything generally costs money in this world

Equilibrium is the most desired state for both producers and consumers. True False?

Answers

Answer:

True.

Explanation:

I think its true.

If there are more consumers than producers, then the consumers will compete with each other to get the product. The price of the product will go up.

If there are more producers and consumers may be wonderful for the consumers because the producers will lower their price to try and get your business. The problem is, if they lower it too far, they are in danger of going out of business because they are not making any money.

At equilibrium both sides of the equation are balanced. The price ought to remain stable.

Please help me! I will give you a brainliest!
The Kansas Relief Committee appealed to the government, churches, and individuals to provide assistance to the starving people of Kansas. When a disaster hits a community, it is common to begin relief efforts. It has long been debated whether the government should assist its citizens when a disaster strikes or if relief should be provided by private organizations and individual donations.
1. What do you think?
2. Who should help the people in need?

Answers

The community because they are huge

What features of government bond appeal most to you

Answers

Answer:

The United States federal government issues bonds to finance the ongoing operation of government services, to pay interest on existing debt and to undergo new projects. Taken as a whole, investors oftentimes refer to bonds issued by the U.S. federal government simply as "Treasuries." However, government bonds have a number of features that distinguish one type from another, and grouping them all together can be misleading.

This river is found in western Africa and runs from Guinea to Nigeria.

Answers

Answer:

Niger it sounds bad. but i do believe this is it.

Lori started cello lessons a month ago but has trouble remembering the names of the notes on her sheet music. What can Lori do to learn the note names? A. She can have a neurologist check to see if she has hippocampus damage. B. She can just assume that if she can't learn the notes now, she won't ever. C. She can create an acronym to remember the lines of the bass clef. D. She can chunk the notes on the music sheet together and play just those.​

Answers

Answer:

Answer: c

Explanation:

Its the only logical answer.

Answer: I believe it would be C, She can create an acronym to remember the lines of the bass clef.

A political communication that shows preference for a particular belief or attitude is an example of which of the following?
A. bias
B. media
C. propaganda
D. symbolism

Answers

The political communication that allows a choice between a particular belief or attitude is an example of bias.

Option A is the correct answer.

What is political communication?

Political communication refers to the exchange of ideas between the general public, political parties, and electronic media.

Bias is the irrational belief where the capability of an individual to make a choice on the basis of facts and proofs is affected. The choice between a specific belief or attitude is an example of bias.

Therefore, the bias can be represented from the example where there is a choice of deciding the belief or attitude.

Learn more about the political communication in the given link:

https://brainly.com/question/11987120

#SPJ1

Answer: A: Bias.

Explanation:

4. Explain the phrase “their humble home”
in your own words.

Answers

Answer: See explanation

Explanation:

A home simply means where one lives while humble means to show modesty, or something that's considered to be low in status, quality, rank, or importance,

Therefore, humble refers to a simple home of modest origin. When this phrase, it used by someone, the person is showing modesty based on where he or she lives.

A home is a the place where one lives permanently, especially as a member of a family or household. The word "humble" means modest. Thus, humble home means a place of modest origin.

A home simply means where one lives while humble means to show modesty, or something that's considered to be low in status, quality, rank, or importance. The home is related to the place where one lives.

The word humble refers to a simple home of modest origin. It also means of low social, administrative, or political rank. When this phrase, it used by someone, the person is showing modesty based on where he or she lives.

To learn more on home, here:

https://brainly.com/question/28174743

#SPJ6

Sadid is 2 years old and his older sister, Jenn, is 5 years old. While they're playing one day, Jenn puts a barrette in Sadid's hair. Sadid gets upset and states that he doesn't want to be a girl, and that he likes being a boy. Jenn laughs because she understands that putting the barrette in Sadid's hair did not make him a girl. What has Jenn achieved that Sadid has not

Answers

Answer:

Gender constancy.

Explanation:

Gender constancy: In psychology, the term "gender constancy" is described as a theory that a child tends to develop a specific sense of gender with time & eventually or finally come to comprehend that his or her "biological sex" is being permanent and fixed.

The concept of "gender constancy" was proposed by an American psychologist named Lawrence Kohlberg.

In the question above, Jenn has achieved "gender constancy" that Sadid has not.

What Jenn has achieved is known as gender constancy.

What is gender constancy

This is the stage in the life of young children where they have come to understand the gender that they are.

At this stage the children already know that they cannot change their genders and that biologically it is fixed.

We can see this in how Jenn behaved in this question that she already understands her gender.

Read more on gender constancy

https://brainly.com/question/9387794

Why did violent conflict increase between African Americans and whites in North Carolina in the late 1960s and 1970s? Check all that apply.

There was a lack of progress in implementing civil rights reforms.
There was a lack of opportunity for African Americans.
False evidence was used in cases against African Americans.
Poverty consistently affected African Americans.
Other groups’ protests provoked disputes.

Answers

Answer:

All of them

Explanation:

Edge 2021

Answer:

A,B,C,E

Explanation:

Identify and explain one type of relationship with different people or group.​

Answers

Answer:

A romantic relationship happens between 2 or more people. They might show affection for one another. They could say they are dating or "going out".

They may marry each other.

Explanation:

What is true about market economies?

A. People are free to start their own business.

B. There is limited technology to advance products.

C. People cannot start their own business.

D. The government makes all of the economic decisions.

Answers

Answer:

A.

People are free to start their own business

Explanation:

A market economy is a type of economic system where supply and demand regulate the economy, rather than government intervention. A true free-market economy is an economy in which all resources are owned by individuals. With that said, the best answer that matches this is A. People are free to start their own business

Answer:

A.

Explanation:

I did a quiz and I got 100

Someone please help me

Answers

Answer:

The correct answer is: A........................

Explanation:

I just took it on the test. Hope is helps :D

(WILL GIVE BRAINLIEST)
What are some of the subtle ways prejudice shows itself in my life?
• How does it affect me when I am intolerant of others?
• How does it affect me when I am respectful of differences in other people?
• How can I respect the ways in which I am different from others, and how does it affect me when I cannot do this?
• How might my respect for my own differences impact my life and my relationships with others?

Answers

Answer:

Explanation:

•  ( being intolerant means you're unwilling to tolerate other ideas, opinions, beliefs or cultures)(question 1)

•( Respecting both similarities and differences in others opens doors to many opportunities.You'll learn new things and make better decisions, which in turn will help your career and improve your self-confidence.)(question 2)

•(Be courteous and friendly to others. ...

Make a family book about similarities and differences:

Value difference. ...

Meet new friends. ...) (question 3)

• (Just like with yourself, when you demonstrate respect for others, you give value to their being and ideals. In addition, you'll make someone feel good by granting them respect, provided, of course, that it's something that they deserve.)(question 4)

Hope this helps :)

Which form of payment would you use in an emergency?

Answers

Depends on the time period. If its in the present day, you would pay cash, change, or credit card. I'm not sure about older dates, though. Hope this helps!

PLEASE HELP!!!!!!!!!!!!!! BRAINLIEST

Relevant facts have little to nothing to do with the topic and are outside of the scope.

True
False

Answers

Answer: False

Explanation: :) hope that helps

false.
hope this helps

Why do you think the young man beauty is so important to Shakespeare .

Answers

Answer: As any she belied with false compare. In the first sonnet, Shakespeare is saying that beauty is fleeting and everyone grows old. He then gets a bit narcissistic and says that the woman in question's beauty and fame are only relevant because he wrote about her. Her beauty will fade, but his words will live on.

Explanation:

Which government type is "for the people, by the people; have voting and the people have personal freedoms?

Answers

Answer:

Democracy

Explanation:

An economic impact of the agricultural industry resulting from the close of the frontier —

ended cotton farming as a cash crop.

forced the railroad industry to shut down.

made cotton farming an ideal cash crop.

caused many farmers to declare bankruptcy.

Answers

Answer:

caused many farmers to declare bankruptcy.

Explanation:

If a seismic station is 3200 km from an earthquake epicenter, what is the time needed for an S-wave to travel from the epicenter to the seismic station

Answers

Answer:

10min and 40 sec!

Explanation:

1.1 Explain what School Based Assessment is and give two examples.​

Answers

Answer:

School-Based Assessment with CAPS assessment is a continuous planned process of identifying, gathering, and interpreting information about the performance of learners, using various forms of evaluation. Basically, to get marks for learners during the term and not all in one or two days.

The General Adaptation Syndrome indicates that we experience a biological reaction to stress that occurs in three phases. Our initial response to a stressor is followed by expending considerable energy to adapt to the stressor. If the stressor is prolonged, it may result in a loss of energy and a susceptibility to serious illness. The correct order of the three phases is:

Answers

Answer:

The phases and the order in which they appear are: alertness, resistance and exhaustion.

Explanation:

The General Adaptation Syndrome is a set of reactions that the individual presents when he is exposed to a situation of stress or danger. These reactions are triggered by the maintenance of the body's homeostasis.

The General Adaptation Syndrome is divided into three phases, these phases always occur in the same order as alertness, resistance and exhaustion.

The alert phase occurs when the individual is faced with the element that causes stress or the feeling of danger. In this phase, the organism experiences tremors, sweating, increased tension, tachycardia, unregulated breathing, among others.

The resistance phase occurs when homeostasis begins to act, trying to return the body to an equilibrium state. At this stage, the body begins to adapt to try to solve the stressful problem, or even eliminate it. Symptoms include loss of appetite, loss of memory, tiredness, dizziness, among others.

The exhaustion phase presents the exhaustion of the organism and can present the compromise of physical health. This phase presents symptoms such as nightmares, apathy, difficulty concentrating, nervous tic, anguish, among others.

What is a cultural behavior influenced by Hinduism in many parts of South Asia ?

Answers

Answer:

Hinduism and Buddhism exerted an enormous influence on the civilizations of Southeast Asia and contributed greatly to the development of a written tradition in that area. About the beginning of the Common Era, Indian merchants may have settled there, bringing Brahmans and Buddhist monks with them.

Explanation:

Other Questions
Who was Sojourner truth ahd what was her significance? In ANOP, n = 800 inches, ZP=97 and ZN=32. Find the length of o,to the nearest inch. Water flows back and forth between a small and large tank. When water is moving into a tank the flow rate is positive, and when water is moving from a tank the flow rate is negative. The large tank begins with 300 gallons of water, and the small tank begins with 200 gallons of water. After a period of 5 minutes, the large tank has the same amount of water as the small tank. Which statement describes the flow rate? HELP??!?! Jessica is purchasing new photo frame for a photo. What measurement does Jessica need to know about the photo before she starts? What effect did the Zimmerman note have on the United States position in the war? A triangle with angles of 74 and 16 is?A. equilateralB. obtuseC. isoscelesD. rightE. impossible to draw if the area is 48 square meters what is the length of side R in meter 1. Jason bought tickets for him and his friends togo to the movies. Tickets cost $9 each. Healso spent $15 on food. His total was $51. Howmany tickets did he buy for the movie? How does a human being get from one cell to one million cells? Hey! So I'm working on a small project for lit class, and I'm just wondering what y'all think the theme of Wings of Fire: The Dangerous Gift is? I can't seem to figure it out, help please D: How many social classes were in colonial Central America?4.3O025 Escribe 6 frases para explicar por qu tienes los siguientes artculos. Utiliza las palabras del estudiante B. help me please and thank you a board game cost d dollars. the sales tax rate is 8%. what two expressions can be used to calculate the total cost for the game, including tax? Tano Company issues bonds with a par value of $82,000 on January 1, 2020. The bonds' annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $79,849. 1. What is the amount of the discount on these bonds at issuance will give brainliest!!First Amendment civil liberties related to free speech can be limited when a person's words are: A. expressed using symbols. O B. critical of the government. O C. clearly dangerous to others. O D. meant to change people's minds. SUBMIT Please help! The answer to this is 2 but I don't know how to actually solve it so can someone please show the work for this?log49 FUN STUFF for ART Select 3 pieces of artwork you like by Leonardo da Vinci and explain what they have in common that makes you like them which of the following human cells has a ploidy number of n?A uterineB spermC bladderD lung What causes the phases of the Moon? a. The Moon is tilted on its axis b. The Earth's shadow on the Moon c. The positions of the Moon as viewed from Earth d. The pull of gravity between the Moon