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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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9 years ago
Which statement best summarizes the perspective from which economic theory explains social occurrences? Economic theory assumes
A) gains and losses will eventually cancel out.
B) individuals make choices consistent with their goals.
C) the law of averages holds in the long run.
D) the value of anything is equal to its price.
E) whatever people want is what they ought to be able to buy.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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IloveChiIloveChi
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
Wasn't so hard, referencing the textbook helped.
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