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:

Susan Folkman

A psychologist known for her research on stress, coping, and appraisal.

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Physical activity that is of moderate intensity, beneficial for health, and includes activities like brisk walking.

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The complex network of nerves and cells that transmit signals between different parts of the body.

Circulatory System

The body's system responsible for the transport of blood, nutrients, gases, and wastes, including the heart, blood vessels, and blood.