Which Is NOT One of the Five Foundations of Economics

question 146

Multiple Choice

Which is NOT one of the five foundations of economics?

• A) innovation
• B) incentives
• C) trade-offs
• D) opportunity cost
• E) marginal thinking

---

Definitions:

Social Innovation

The development and implementation of new, effective solutions to social problems or needs that create social value and involve the collaboration of multiple stakeholders.

Nonprofit Sector

a segment of society that is organized to meet public or social goals, where the surplus revenues are reinvested in the organization rather than distributed to shareholders.

Value Proposition

A statement or concept that explains how a product or service solves a problem, meets a need, or provides benefit to customers, thereby offering a reason for them to choose it over alternatives.

Social Nirvana

An idealized state of social harmony and optimal collective well-being.