The "economic perspective" entails:
A)rational behaviour by individuals and institutions.
B)a comparison of marginal benefits and marginal costs in decision making.
C)the altering of behaviour when marginal benefits and marginal costs change.
D)all of the above.

Question

Quizplus · Accepted Answer

The economic perspective involves rational behavior by individuals and institutions, considering the comparison between marginal benefits and marginal costs in decision-making, and altering behavior when marginal benefits and costs change. All these aspects are interrelated, and together they form the basic framework of the economic perspective. Therefore, the best answer is D, all of the above.

The "Economic Perspective" Entails