One major feature of the economic perspective is:
A) that scarcity is more important than choice.
B) that costs are more important than benefits.
C) the assumption of purposeful behavior by individuals.
D) the idea that the economy has unproductive resources.

Question

Quizplus · Accepted Answer

The economic perspective is based on the assumption that individuals make rational decisions and act according to their own self-interest. This is commonly known as purposeful behavior, and it is a major feature of the economic perspective. The other choices are not accurate descriptions of this perspective. Scarcity and choice are both important, but they are not the primary focus of the economic perspective. Additionally, costs and benefits are often balanced in economic decision-making, so it is not accurate to say that costs are always more important than benefits. Finally, while there may be unproductive resources in an economy, this is not a defining feature of the economic perspective.

One Major Feature of the Economic Perspective Is