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QUESTION
Which of the following is part of the economic way of thinking?
Which of the following is part of the economic way of thinking?
a. The accuracy of the assumptions is the best test of an economic theory.
b. When an option becomes more expensive, people will be less likely to choose it.
c. The value of a good can be determined objectively by measuring the amount of labor required for its production.
d. All of the above.
