The economic way of thinking stresses that
A) greed is the primary motivation for human action.
B) as the benefits of an option increase, people will be more likely to choose that option.
C) an objective value can be attached to physical goods.
D) as the cost of an option decreases, people will be less likely to choose that option.

Question

Quizplus · Accepted Answer

The economic way of thinking emphasizes that individuals make decisions based on the benefits and costs associated with different options. As the benefits of an option increase, people are more likely to choose it, reflecting rational decision-making.

The Economic Way of Thinking Stresses That