All but One of the Following Are Elements of the Economic

question 7

Multiple Choice

All but one of the following are elements of the economic way of thinking. Which one is not part of the economic way of thinking?

• A) Incentives matter.
• B) The value of goods can be determined objectively.
• C) Economic thinking is marginal thinking.
• D) Information is scarce.

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Definitions:

Market Value

The current quoted price at which an asset or company can be bought or sold on the open market.

November 47.50 Call

A call option contract for the right to buy a specific financial instrument at a price of 47.50, expiring in November.

Call

A Call option is a financial contract that gives the option buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specific price within a specific period.

European Put

A type of option contract that gives the holder the right, but not the obligation, to sell an underlying asset at a specified price on or before a specific date.