4 The term self-interest, as viewed by economists, means that D consumers always

Question

4 The term self-interest, as viewed by economists, means that D consumers always seek the least expensive option when making a purchase, regardless of individual preferences. O consumers never pay more for a good simply because it carries a certain designer label. 0 only economists are capable of making choices acc O people make choices that, given the information available, ives them the greatest amount of satisfaction. to rational self-interest. people never act in their self-interest until they have perfect informati

Explanation / Answer

The term self interest, as viewed by economists, means that people make choices that, given the information available, gives them the greatest amount of satisfaction. So the correct option is D.

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