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Economics
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The economic perspective entails:

A. irrational behavior by individuals and institutions

B. a comparison of marginal benefits and marginal costs in decision making.

C. short-term but not long-term thinking.

D. rejection of the scientific method. 

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Sonal Bahl
Sonal BahlLv10
8 Jan 2021

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Which of the following is not a central focus of the "economic perspective"?

a. Scarcity and choice

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Address the following in detail:

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1. Describe how economic theories and principles help you think about economic behavior.

2. Explain how economic insights are useful in decision-making from a personal and business perspective.

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