Which one of the following states a central element of the-09116
Which one of the following states a central element of the economic way of thinking?
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.3.
Which one of the following states a central element of the economic way of thinking?
Scarce goods are priceless.
Incentives matter--if the personal cost of a choice increases, individuals will be less likely to choose it.
The realism of the assumptions is the best test of an economic theory.
When deciding how to allocate time, the concept of opportunity cost is meaningless
