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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