Which of the Following Is Part of the Economic Way

question 143

Multiple Choice

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

• A) When an option becomes less beneficial, individuals will become more likely to choose it.
• B) Costs are incurred whenever scarce resources are used to produce goods or services.
• C) The value of a good is determined by its cost of production.
• D) Both a. and b. are part of the economic way of thinking.

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Definitions:

Wernicke's Area

A region of the brain involved in understanding spoken language, located in the temporal lobe.

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information, and also involved in memory and speech.

Temporal Lobe

An area of the brain responsible for processing auditory information and is also associated with the encoding of memory and the processing of emotions and language.

Hearing

The sensory process of receiving and perceiving sounds.