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Hagan Oakley
on Dec 12, 2024

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The economic way of thinking stresses that

A) greed is the primary motivation for human action.
B) as the benefits of an option increase, people will be more likely to choose that option.
C) an objective value can be attached to physical goods.
D) as the cost of an option decreases, people will be less likely to choose that option.

Benefits

Advantages or monetary assistance received from employment, government, or insurance.

Economic Thinking

The process of evaluating decisions based on costs, benefits, and the impact on resource allocation.

Human Action

The study of human behaviour, particularly in the context of individuals' decisions and actions in the economy.

  • Understand the influence of incentives on personal and economic decision-making.
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Shreya SathishDec 13, 2024
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