Answered: Each of the following ideas is central…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section: Chapter Questions

Problem 2AA

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Question

Each of the following ideas is central to economics except:

a. people react to incentives

b. specialization and trade benefit everyone

c. good institutions can eliminate economic trade-offs

d. prices rise when the government prints too much money

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