The Economic Way of Thinking Entails

question 76

Multiple Choice

The economic way of thinking entails:

• A)the analysis of benefits but not costs.
• B)the analysis of costs but not benefits.
• C)making choices at the margin.
• D)making the distinction between microeconomics and macroeconomics.

---

Definitions:

Deep Blue

A chess-playing computer developed by IBM, known for being the first to win a chess match against a reigning world champion under standard chess tournament conditions.

Deep Junior

A computer chess program that has won several World Computer Chess Championships, known for its advanced AI and strategic depth.

Grand Master

A title in chess awarded to top players, indicating a very high level of skill and achievement.

Artificial Neural Networks

Computational models inspired by the human brain's interconnected network of neurons, used to conduct machine learning tasks by processing complex data inputs.