The Economic Way of Thinking Has to Do With

question 55

Multiple Choice

The economic way of thinking has to do with:

• A) analyzing benefits but not costs.
• B) analyzing costs but not benefits.
• C) making choices at the margin.
• D) making the distinction between microeconomics and macroeconomics.

---

Definitions:

Cirrhosis

A chronic liver disease marked by degeneration of liver cells, inflammation, and fibrous thickening of tissue.

Psychedelic Drugs

Substances that alter perception, mood, and a variety of cognitive processes, often inducing visual or auditory hallucinations.

Synthesized

Produced by combining various elements or components, often in a way that mimics natural processes.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception, often associated with mental disorders or substance use.