The Economic Way of Thinking Stresses That

question 179

Multiple Choice

The economic way of thinking stresses that

• A) changes in personal costs and benefits will exert a predictable influence on the choices of human decision makers.
• B) only direct monetary costs matter in making decisions.
• C) if a good is provided free to an individual, its production will not consume valuable scarce resources.
• D) secondary effects are not important to consider when making decisions.

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Definitions:

Otitis Externa

An infection of the outer ear canal, often referred to as swimmer's ear, leading to pain, redness, and swelling.

Mastoiditis

An infection of the mastoid bone of the skull, often occurring when an untreated or inadequately treated ear infection spreads.

Pruritus

Medical term for itching, a symptom that causes a desire to scratch.

Ishihara Book

A color vision test that uses a series of plates filled with colored dots to detect red-green color deficiencies.