Which statement is NOT one of the five principles for understanding how individual choices interact?
A)There are gains from trade.
B)Markets move toward equilibrium.
C)Resources should be used as efficiently as possible to achieve society's goals.
D)Overall spending sometimes gets out of line with the economy's productive capability.

Question

Quizplus · Accepted Answer

The statement "Overall spending sometimes gets out of line with the economy's productive capability" is one of the five principles for understanding how individual choices interact according to the textbook. The other principles include "People face tradeoffs," "The cost of something is what you give up to get it," "Rational people think at the margin," and "People respond to incentives."

Which Statement Is NOT One of the Five Principles for Understanding