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Homework answers / question archive / Which of the following is not one of the five foundations of economics? a
Which of the following is not one of the five foundations of economics?
a. innovation
b. incentives
c. trade-offs
d. opportunity cost
e. marginal thinking
a. innovation
Out of the 10 economic principles given by Mankiw, the foundations of economics incorporates incentives, trade-offs, opportunity cost, and marginal thinking but innovation is not one of the foundations of economics.
