Explain how the following headlines concern self-interest and the social interes

Question

Explain how the following headlines concern self-interest and the social interest: 1. Walmart, the world's biggest store, is opening in China while KFC is expanding everywhere 2. Lottery tickets must state the odds of winning. o A. Walmart and KFC make decisions in the social-interest. Information on the odds of winning is in people's self-interest. O B. Walmart makes decisions in its self-interest, but KFC takes the social interest into account. Information on the odds of winning intimidates gamblers and is against both self-interest and the social interest. C. Walmart and KFC make decisions in their self-interest. Information on the odds of winning is in the social interest, but people decide whether to pay attention to them in their self-interest. 0 D. Walmart makes decisions in the social interest, but KFC thinks only of its self-interest. Information on the odds of winning is in the social interest only if people behave in the social interest

Explanation / Answer

Right answer is (C)

Walmart and KFC are private firms and these firms seek to maximize their profit and wealth of shareholders. Hence, they are not concerned about social interest. Thus these firms are spreading their business across the world.

On other hand, Lottery ticket provides equal opportunity to all. Hence, it is in social interest. But people are obsessed with self interest.

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.