Which of the following is not correct? Group of answer choices The value of the economist’s language lies in its ability to provide you with a new and useful way of thinking about the world in which you live. Supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss are all terms that are part of the economist’s language. Economics has its own language and its own way of thinking, but few other fields of study do. Economists use some familiar words in specialized ways.
Which of the following is not correct? Group of answer choices The value of the economist’s language lies in its ability to provide you with a new and useful way of thinking about the world in which you live. Supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss are all terms that are part of the economist’s language. Economics has its own language and its own way of thinking, but few other fields of study do. Economists use some familiar words in specialized ways.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is not correct?
Group of answer choices
The value of the economist’s language lies in its ability to provide you with a new and useful way of thinking about the world in which you live.
Supply, demand, elasticity, comparative advantage , consumer surplus , and deadweight loss are all terms that are part of the economist’s language.
Economics has its own language and its own way of thinking, but few other fields of study do.
Economists use some familiar words in specialized ways.
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The value of the economist’s language lies in its ability to provide you with a new and useful way of thinking about the world in which you live. - True
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