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which of the following is not a key idea in the economic way of thinking?
 
a. poor people are discriminated against and should be treated more fairly
 
b. people make rational choices by comparing costs and benefits
 
c. a rational choice is made at the margin
 
d. choices respond to incentives

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Darryn D'Souza
Darryn D'SouzaLv10
16 Sep 2020

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Related questions

Economics assumes people and firms:  
A. use all available information to achieve their goals, respond to incentives, and make decisions by comparing total benefits with total costs. 
B. use all available information to achieve their goals, respond to incentives, and make decisions by continuing any activity up to the point where the marginal benefit equals zero.  
C. know everything, respond to incentives, and make decisions by comparing marginal benefits with marginal costs. 
D are rational, respond to incentives, and make all-or-nothing decisions.  
E. are rational, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

Economics assumes people and firms:

A. are rationalare rational, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

B. use all available information to achieve their goals, respond to incentives, and make decisions by continuing any activity up to the point where the marginal benefit equals zero.

C. use all available information to achieve their goals, use all available information to achieve their goals ,respond to incentives, and make decisions by comparing total benefits with total costs.

D. are rational, respond to incentives, and make all-or-nothing decisions.

E. always make the best decisions, always make the best decisions, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

Rational people make decisions “at the margin” by:
 
A. Following marginal traditions.
B. Behaving in a random fashion.
C. Thinking in black-and-white terms.
D. Comparing marginal costs and marginal benefits.

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