Economists believe that:A) people who choose to promote the interests of others cannot be acting rationally in their own self-interest.B) people show concern only for those whom they know personally.C) charitable donations would disappear if tax deductions for charitable giving were eliminated.D) the notion of self-interest rules out concern for others.E) concern for the welfare of others is consistent with the concept of self-interest.

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Alivia Fitzsimons · Accepted Answer

Final Answer : E, Explanation :  Economists generally believe that concern for the welfare of others is consistent with the concept of self-interest. This is because people often derive utility or satisfaction from contributing to the well-being of others, particularly those with whom they have social connections or have an emotional attachment to. Additionally, altruistic behavior can often lead to reciprocal benefits or social reputation, which can also be considered a form of personal gain or self-interest. Therefore, economists reject the notion that self-interest rules out concern for others and instead view them as compatible motivations.

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