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Economics a. studies human behavior when scarcity exists and choices must be made b. provides the only reasonable explanation of how people make decisions c.

Economics

a.

studies human behavior when scarcity exists and choices must be made

b.

provides the only reasonable explanation of how people make decisions

c.

can accurately explain all human behavior since it is based on the assumption of rationality

d.

is better at showing the way things ought to be than the other social sciences are

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