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STALIN [3.7K]
3 years ago
11

When the cost of a taxi ride rose, Martina started packing a lunch instead of going to a restaurant. Which economic principle do

es this demonstrate?
Social Studies
1 answer:
Anon25 [30]3 years ago
4 0

According to Gregory Mankiw, a US teacher and economist, this example would demonstrate the economic principle of "the significance of opportunity cost in decision making". Martina had to give up going to restaurants in order to continue travelling by taxi. She probably compared the cost and benefits of packing lunch vs going to a restaurant before taking the final decision.

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The correct answer to this open question is the following.

Although the question is incomplete because it doesn't include the various ethical principles reviewed in your lessons, we can comment on the following.

We can say that the ethical principles in the healthcare industry could be the following:

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