Multiple Choice
The economic way of thinking includes:
A) more attention paid to benefits rather than the costs involved in any choice.
B) the assumption that individuals choose to average out some objective.
C) emphasis on how choices are made at the margin.
D) the notion that the industrialized nations have solved the problem of scarcity.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: A theory or model is a simplification
Q15: Each of the following statements about the
Q16: The answer to, "What goods are to
Q17: Economists concerned about the behavior of individual
Q18: An example of a positive statement is:<br>A)
Q20: Suppose that voters in your community pass
Q21: Macroeconomics is most likely to be concerned
Q22: Economists pay special attention to making choices
Q24: A scarce resource is one that:<br>A) is
Q233: Statements that make value judgments are:<br>A)pecuniary.<br>B)positive.<br>C)nominal.<br>D)normative.