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As discussed in our overview of economic thinking, neoclassical economics: Question 20Answer a. Focuses on studying irrational behaviours in economic decision-making b. Assumes that people
As discussed in our overview of economic thinking, neoclassical economics: Question 20Answer a. Focuses on studying irrational behaviours in economic decision-making b. Assumes that people do not act independently c. Is heavily dependent on mathematical models d. Has had little influence on public policy e. Emerged in the mid-1700s
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