The Economic Way of Thinking Includes

question 79

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 maximize some objective.
• C) emphasis on how choices affect total values rather than marginal values.
• D) the notion that the world has solved the problem of scarcity.

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Definitions:

Muscle And Tendon

Components of the musculoskeletal system where muscle tissue connects to bones through tendons, facilitating movement.

Babinski Reflex

A reflex action in infants involving the toes spreading apart when the sole of the foot is stimulated, indicating neurological function.

Calcaneal Reflex

A reflex elicited by striking the Achilles tendon, testing the reflex arc of the sacral segment of the spinal cord.

Dorsiflexion

The action that reduces the angle between the top part of the foot and the shin by pulling the foot upwards towards the shin.