Which of the Following Is Part of the Economic Way

question 195

Multiple Choice

Which of the following is part of the economic way of thinking?

• A) The accuracy of the assumptions is the best test of an economic theory.
• B) When an option becomes more expensive, people will be less likely to choose it.
• C) The value of a good can be determined objectively by measuring the amount of labor required for its production.
• D) All of the above.

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Definitions:

Racial Profiling

The discriminatory practice by law enforcement officials of targeting individuals for suspicion of crime based on the individual's race, ethnicity, religion, or national origin.

White-collar Crime

Non-violent crime, typically committed by individuals in professional occupations, involving fraud, embezzlement, or other forms of financial misconduct.

Conspiracy

A secret plan by a group to do something unlawful or harmful.

Obstruction of Justice

The act of willfully interfering with the process of justice and law enforcement, including hindering the investigation or prosecution of a crime.