• Give an example illustrating how a firm acting out of self-interest to maximize its profits by offering goods or services in economic markets benefits consumers - even if it does not care about them. In other words, how does self-interest help achieve society's economic goals?
• Give an example illustrating how a firm acting out of self-interest can have deleterious effects on consumers. Why might consumers allow firms to behave in this way? Are there ways in which a firm acting out of self-interest might be harmful to society?
• What is the relationship between self-interest and social interest in the economic decision (economic choice) process? Is there a conflict between the two in the economic world?
• Do people always make rational decisions? What are the factors that lead to bounded rationality? What are the factors that lead to irrational economic decisions?