Question

What are four responses to the claim that people should not behave in the way described in this chapter?

Short answer

Every individual in the society is not always self centered and self obsessed. Sometimes they also believe in charity and help the poor and needy.

Step-by-step solution

:Concept Introduction

Four responses to the claim that people should not behave in the way, described in this chapter, are written below:

1. Economic decisions are taken on the basis of how individuals actually behave rather on the basis of how they should behave.

2. Self interest attitude helps to bring out the best possible social outcomes since people do not make any deliberate attempt towards the improvement and advancement of society.

3. Every individual has freedom to take their own decisions regarding their own life say, number of hours to work, preference to job location, preference to mode of transportation etcetera.

4. Every individual in the society is not always self centered and self obsessed. Sometimes they also believe in charity and help the poor and needy.