Which of the following is NOT one of the four principles for understanding individual choice?
A)Resources are scarce.
B)Overall spending sometimes gets out of line with the economy's productive capacity.
C)"How much" is a decision at the margin.
D)People usually take advantage of opportunities to make themselves better off.

Question

Quizplus · Accepted Answer

The four principles for understanding individual choice are resources are scarce, the real cost of something is what you must give up to get it, "how much" is a decision at the margin, and people usually take advantage of opportunities to make themselves better off. The principle about overall spending getting out of line with the economy's productive capacity is related to the principle of macroeconomics, not individual choice.

Which of the Following Is NOT One of the Four