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3.a) Review the five foundations of economics (see Chapter 1 of the course textbook) and discuss how those foundations are related to the concept of

3.a) Review the five foundations of economics (see Chapter 1 of the course textbook) and discuss how those "foundations" are related to the concept of rational economic behavior.

b) Discuss TANSTAAFL and the clich "If something is worth doing, it is worth doing well."

Hints: Read Chapter 1 and the Unit 1 lecture (the TANSTAAFL TRIBUNE).

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