Answered: The field of economics is derived from…

The field of economics is derived from the fact that humans all make rational choices. humans are self-interested. humans respond to incentives. the world has limited resources.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 4SQ

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Question

The field of economics is derived from the fact that
humans all make rational choices.
humans are self-interested.
humans respond to incentives.
the world has limited resources.

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