Multiple Choice
Which of the following statements is incorrect?
A) it is not possible for economists to use the laboratory methods of research practised in the physical sciences
B) opportunity cost must be considered when making decisions regarding the use of scarce resources
C) the law of diminishing returns influences the shape of the production-possibilities curve
D) the free market approach to economic decision-making allows for some government decisions in important economic matters
Correct Answer:
Verified
Correct Answer:
Verified
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