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  1.1  The Power of Economic Analysis   1) The economic way of

Question :   1.1  The Power of Economic Analysis   1) The economic way of : 1912913

 

1.1  The Power of Economic Analysis

 

1) The economic way of thinking will help you

A) make decisions in financing your home.

B) decide whether the U.S. government should encourage or discourage immigration.

C) make better decisions concerning your education.

D) all of the above

2) Economic analysis is used

A) only in economics classrooms.

B) only by business people.

C) only by policy makers.

D) in all decision making.

3) Economic analysis is

A) a tool that can aid all decision making.

B) a tool that can be used in only macroeconomics.

C) a tool that can be used in only microeconomics.

D) an unnecessary complication to decision making.

4) What is the purpose of knowing "the economic way of thinking"?

5) What does scarcity have to do with the fact that people must make choices?

6) What is economics and what does it try to explain?

1

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