Making choices that are expected to achieve the highest possible value for some objective is termed:
A) maximizing.
B) minimizing.
C) sanitizing.
D) satisfying.
Correct Answer:
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Q40: The answer to, "What goods are to
Q41: The concept of the margin deals with:
A)
Q42: Economics is different from other social sciences
Q43: The economic way of thinking includes:
A) more
Q44: Opportunity cost is:
A) zero for the use
Q46: The BEST example of making a choice
Q47: The economic way of thinking includes:
A) more
Q48: Unemployment and inflation are:
A) not relevant in
Q49: The economic way of thinking includes:
A) attention
Q50: The sacrifice of an alternative is called:
A)
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