Economic principles are value judgments about what the economy should be like or the way the economic world ought to be.
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Q16: Purposeful behavior implies that everyone will make
Q17: If economic theories are solidly based on
Q18: The process by which capital goods are
Q19: Marginal analysis means that decision makers compare
Q20: Economics is the social science concerned with
Q22: "The role of government in the economy
Q23: The budget line shows the various incomes
Q24: The quantity or supply of land resources
Q25: When economists talk about the capital resources
Q26: Rational behavior implies that different people faced
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