Which of the following is not one of the four principles of individual decision making?
A)People face trade-offs.
B)Trade can make everyone better off.
C)People respond to incentives.
D)Rational people think at the margin.

Question

Quizplus · Accepted Answer

The principle "Trade can make everyone better off" is not one of the four principles of individual decision making. The correct four principles are: people face trade-offs, the cost of something is what you give up to get it, people respond to incentives, and rational people think at the margin.

Which of the Following Is Not One of the Four