--%>

Define the behave of standard economic theory

Standard economic theory supposes that individuals behave: (w) along with charity towards others while they are particularly moral. (x) irrationally while they are in large groups. (y) like home economists when they are Homo sapiens. (z) purposefully and rationally to maximize their own self interests.

Can someone explain/help me with best solution about problem of standard economic theory...

   Related Questions in Public Economics

  • Q : Economic Capital and Per Capita Income

    Assume that half of our world’s people, arbitrarily selected, were vaporized by space aliens or teleported to the parallel universe, however no other feature of life on our Earth was influenced. Avoiding any disruptions to families or psychological trauma this c

  • Q : Ownership of major non-labor resources

    I have a problem in economics on Ownership of major non-labor resources. Please help me in the following question. Government ownership of main non-labor resources is the characteristic of: (1) Capitalism. (2) Decentralization. (3) Anarchism. (4) Soci

  • Q : Uses of positive economic analysis Hey

    Hey friends I need your help for given problem: Positive economic analysis would be least helpful like a guide to how a society can decrease: (w) specific criminal behavior from punishment. (x) inequality within th

  • Q : Fee-simple private property rights I

    I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. “Fee-simple” private property rights permit you to: (1) Shoot trespassers who are on your land with no permission. (2) Refuse to

  • Q : Positive declaration in positive

    When a mother tells her young child that thunder is caused by the angels bowling up in heaven, scientists would classify her statement as most clearly: (w) a normative statement. (x) a positive statement. (y) microeconomics in place of macroeconomics. (z) scientifical

  • Q : Excessive production as a problem Can

    Can someone help me in finding out the right answer from the given options. Governments which attempt to utilize ‘needs’ or ‘equality’ as the bases for distributing goods are NOT probable to: (1) Encounter extreme production as a problem. (2) R

  • Q : Primarily dealing of positive economic

    Please help me to solve the problem of Positive Economics which is specified above. Positive economic statements deal primarily along with: (w) the way things should be. (x) Technically testable ec

  • Q : Why is a wristwatch a model of the

    A wristwatch is a model of the passage of time since it gives a: (w) simple representation of a complex process. (x) good illustration of modern technology. (y) way to coordinate human activity. (z) unique statement of one's personality.

    Q : Illustrations of economic bads included

    How can determine where would be illustrations of economic “bads” included. Please suggest me the accurate answer: (i) loud stereo systems,. (ii) beautiful sunsets caused through high levels of air pollution, (iii) golf courses built upon abandoned garbage

  • Q : Problem on violating someone rights Can

    Can someone help me in finding out the right answer from the given options. Fee simple property rights do not permit private owners to: (1) Deny utilization of their goods to others. (2) Trade such rights with other people. (3) Employ goods in manner