Which statement is NOT one of the four principles that underlie individual choice?
A)Choices are necessary because resources are scarce.
B)Overall spending sometimes gets out of line with the economy's productive capacity.
C)"How much" is a decision at the margin.
D)People usually respond to incentives,exploiting opportunities to make themselves better off.

Question

Quizplus · Accepted Answer

The statement "Overall spending sometimes gets out of line with the economy's productive capacity" is not one of the four principles that underlie individual choice. The four principles are the necessity of choices due to resource scarcity, decision-making at the margin, people responding to incentives, and people exploiting opportunities to make themselves better off.

Which Statement Is NOT One of the Four Principles That