Why would economists say "choosing is refusing"?
Answer:
I think they're talking about opportunity cost.
Every time you choose one thing over another, you have to include the cost of that next best choice in you calculations of benefits to costs. And you can value everything, even just spending time watching TV.
For example, if I decide to go to a concert for 100 bucks, I also have to include in the decision making process the next best option (maybe I usually practice guitar on that night - it might be worth 10 dollars to me. if i go to the concert I lose that 10 dollars of value and the 100 dollar ticket price ,,, concert economic cost is now 110 dollars).
So, as per my example, if I choose to go to the concert, I refuse to practice guitar.
Hope that helps; peace
because by selecting one option, you are refusing all others
in the case of economics, im not sure, i havent done economics in years... all those graphs and lines, too much
Simple, its the theroy of all that is, That is the rule of opposites.Everything in life is ruled by this. Love/Hate, Cold/Hot, Birth/Death, God/Devil, Good/bad, yes/no, Farthest/closest, Choosing/Refusing and Yin & Yang. There is no right and there is no wrong. There is only this or that and positive and negative. Maybe economists know this too.
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