Question

What are the principles of how people make decisions?

Answer 1

Four Principles of Individual Decision-Making in Economics

Four Principles of Individual Decision-Making in EconomicsPeople Face Trade-offs. This principle describes the decision-making process a person must go through before an activity. ...

Four Principles of Individual Decision-Making in EconomicsPeople Face Trade-offs. This principle describes the decision-making process a person must go through before an activity. ...The Cost of Something Is What You Give Up to Get It. ...

Four Principles of Individual Decision-Making in EconomicsPeople Face Trade-offs. This principle describes the decision-making process a person must go through before an activity. ...The Cost of Something Is What You Give Up to Get It. ...Rational People Think at the Margin. ...

Four Principles of Individual Decision-Making in EconomicsPeople Face Trade-offs. This principle describes the decision-making process a person must go through before an activity. ...The Cost of Something Is What You Give Up to Get It. ...Rational People Think at the Margin. ...People Respond to Incentives. ...

Four Principles of Individual Decision-Making in EconomicsPeople Face Trade-offs. This principle describes the decision-making process a person must go through before an activity. ...The Cost of Something Is What You Give Up to Get It. ...Rational People Think at the Margin. ...People Respond to Incentives. ...Controversy.

Answer 2

Answer:

1. People Face Trade-offs. This principle describes the decision-making process a person must go through before an activity. ...
2. The Cost of Something Is What You Give Up to Get It. ...
3. Rational People Think at the Margin. ...
4. People Respond to Incentives. ...
5. Controversy.

Explanation:

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