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Economists believe the cost-benefit principle is: 1. a simple but useful model of how people should make choices. 2. is a comprehensive description of all the factors that influence people's choices

Economists believe the cost-benefit principle is:

1. a simple but useful model of how people should make choices.

2. is a comprehensive description of all the factors that influence people's choices.

3. an interesting intellectual exercise with little applicability to the real world.

4. of little use to those who wish to learn how to make better decisions.

 

May 09 2021 View more View Less

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