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History, 03.02.2021 01:40 hartzpeyton136

Pick one of the principals of economics listed below and state why you choose it and how it helps further define economics for you. (5 -10 sentences) I CHOSE THIS ONE

• THE CONSEQUENCES OF CHOICES LIE IN THE FUTURE: Decisions are made in light of an unknown future, based on expected costs and expected benefits. Information, experience, and knowledge inform decision-making but do not eliminate uncertainty.

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