The foundations of economics are closely related and multiple foundations were referenced. Which foundation was
referred to most often?
Choose one:
O A. circular flow
O B. opportunity cost
O C. incentives
O D. trade-offs

Question

06-06-2024
Business

Answered

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The foundations of economics are closely related and multiple foundations were referenced. Which foundation was
referred to most often?
Choose one:
O A. circular flow
O B. opportunity cost
O C. incentives
O D. trade-offs

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-06T00:44:36-04:00

Final answer:

The most frequently referenced foundation in economics is opportunity cost, highlighting the importance of evaluating alternatives and understanding trade-offs.

Explanation:

Opportunity cost is the foundation referenced most frequently in economics. It involves evaluating the value of alternatives in decision-making, emphasizing the examination of choices and the trade-offs involved. Understanding opportunity cost helps individuals and societies make informed decisions by considering the foregone alternatives.

Learn more about opportunity cost in economics here:

https://brainly.com/question/33630246

Sagot :

Final answer:

Explanation:

Learn more about opportunity cost in economics here:

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