The Four Elements of the Economic Way of Thinking Include

Multiple Choice

The four elements of the economic way of thinking include all of the following EXCEPT

A) economists use assumptions to make things simpler and focus attention on what really matters.
B) economic analysis often involves variables and how they affect one another.
C) economic analysis assumes that people act irrationally and that they are not motivated by self-interest.
D) economists often consider how a small change in one variable affects another variable.