Question: How do the following headlines influence self - interest and the social interest? Harrod's, a London department store, is opening branches in airports, and Taco

How do the following headlines influence self-interest and the social interest?
Harrod's, a London department store, is opening branches in airports, and Taco Bell is expanding throughout Canada.
All automobiles must b fitted with seat belts.
A. Harrod's and Taco Bell make decisions in self-interest and by serving the self-interest of customers they contribute to the social interest. Seat belts are in the social interest, but people's decisions about whether to wear them is made in self-interest.
B. Harrod's and Taco Bell make decisions in the social-interest and not in self interest. Seat belts are in people's self-interest.
C. Harrod's makes decisions in the social interest, but Taco Bell thinks only of its self-interest. Seat belts are in the social interest only if people behave in the social interest.
D. Harrod's and Taco Bell make decisions in self-interest but not in the social interest. Seat belts are in the social interest, but people's decisions about whether to wear them is made in self-interest.
E. Harrod's makes decisions in its self-interest, but Taco Bell takes the social interest into account. Seat belts infringe individual choice and are against both self-interest and the social interest.
 How do the following headlines influence self-interest and the social interest?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!