The Economic Way of Thinking Includes

question 19

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.

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Definitions:

Tenseness

A state of mental or emotional strain, often characterized by feelings of anxiety or nervousness.

Personality Judgment

The process of forming opinions or evaluations about others' characters or dispositions based on observed behaviors or traits.

Cantankerous

Characterized by a difficult, argumentative, and often stubborn disposition.

Voice Quality

The characteristics of a person's voice that make it unique, including tone, pitch, and volume, which can influence communication effectiveness.