If a person has altruistic preferences, then we can say that she: Only cares about herself and not other people. Cares at least some about other people's preferences. Will not take other people's preferences into account when making her decisions. Only cares about other people and not herself.

If a person has altruistic preferences, then we can say that she: Only cares about herself and not other people. Cares at least some about other people's preferences. Will not take other people's preferences into account when making her decisions. Only cares about other people and not herself.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 9RQ: Explain why individuals make Choices that are directly on the budget constraint, rather than inside...

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Question

If a person has altruistic preferences, then we can say that she:
Only cares about herself and not other people.
Cares at least some about other people's preferences.
Will not take other people's preferences into account when making her
decisions.
O Only cares about other people and not herself.

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