Question

Critical reasoning in economics is an activity which considers alternative courses of action and the expected results (benefits) relative to the ______ of each action.

Answer 1

Critical reasoning in economics is an activity which considers alternative courses of action and the expected results (benefits) relative to the

• Cost of each action

What is Critical Reasoning?

This refers to deep thoughts which are given to a particular problem, with the aim of solving the problem using logical processes or steps.

With this in mind, we can see that when this is applied in economics, we can see that it looks at alternative courses of action which would show the relationship between the expected results and the cost of each action.

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