Which is not a core economic idea?
A) People make rational choices by comparing costs and benefits.
B) Efficiency and equity are important goals for an economy.
C) Cost is what you must give up to get something.
D) A rational choice is made on the margin.
E) Choices respond to incentives.

Question

Quizplus · Accepted Answer

Efficiency and equity are important goals for an economy, but they are not considered core economic ideas. Core economic ideas focus on how individuals make decisions, such as rational choice, opportunity cost, marginal analysis, and incentives.

Which Is Not a Core Economic Idea