Question

It is believed that if people were free to pursue their own interests, then ________________.

• A. greed and cheating would prevail in the market.
• B. less would be produced than if altruism were our guiding principle
• C. they would generally be encouraged to produce goods and services that are highly valued by others (relative to their costs).
• D. the public interest would be best served, but the interests of employees would be hurt.

Answer 1

The correct option is C they would generally be encouraged to produce goods and services that are highly valued by others (relative to their costs).

If the whole world would be turned into a capitalist economy then everyone will approach the central economic problems of production, giving more preference to personal gains then social benefit.