Question: Course: Introduction to Economics - Basic Concepts In economic science, the assumption is made that people compare the cost and benefit of their actions when

Course: Introduction to Economics - Basic Concepts "In economic science, the assumption is made that people compare the cost and benefit of their actions when making decisions, however, this is not necessarily observed. Thus, this assumption is irrelevant to understanding their behavior."

Comment and analyze which economic assumption this statement refers to.

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10. What activities in your life best express the value you want others to associate with you?

7. Also complete the following sentence: This core value is important to me when I ________________________. This is the situation this core value is important to you we are looking for here.

9. What type of competence is important to have and develop in order to strengthen the core value you want others to associate with you?