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A person studying economics can make better choices about purchases if that person understands

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Answer:

A person studying economics can make better choices about purchases if that person understands consequences and tradeoffs.

User Elliottbolzan
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If that person understand consequences

In Economics, Consequences refer to how one economic decision will affect other circumstances

For example if that person could foreseen how purchasing a specific machine could increase his overall revenue in the next 5 years, so he gain more than what he loss
User Danila Zharenkov
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