Economics can be used to explain how people make choices from a set of alternatives. State true or false.

True

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False

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Solution

The correct option is A
True

True. Economics is the study of how people respond to incentives, both positive and negative. It is based upon economic principles which are in turn based on human behaviour.

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[dummy - to be removed] Economics can be used to explain how people make choices from a set of alternatives. State true or false.

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