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What are the "Five Propositions for Economic Reasoning" outlined in Econ Insight 1.1?
People make choices (scarcity)
Choices impose costs (opportunity cost)
incentives matter
institutions matter
opinions are more valuable if they are based on facts
Choices impose costs (opportunity cost)
incentives matter
institutions matter
opinions are more valuable if they are based on facts
Karteninfo:
Autor: savhighsmith
Oberthema: Business Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 15.09.2010