Question: Answer the following questions: a. What is the difference between self-interest and selfishness? b. Why does inaction have consequences? c. Why are observation and prediction

Answer the following questions:
a. What is the difference between self-interest and selfishness?
b. Why does inaction have consequences?
c. Why are observation and prediction more difficult in economics than in chemistry?
d. Why do economists look at group behavior rather than individual behavior?

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a Selfinterest is the desire to improve ones life It includes the desire to advance any goal one car... View full answer

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