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Principles of microeconomics, 7th + mindtap economics printed access card (7th edition) edit edition 86 % (21 ratings) for this chapter’s solutions solutions for chapter 20. Argue that utility theory is explained by applying the assumption of bounded rationality. 20.3 arguments in support of restricting imports; Education and training correlate closely with differences in earnings. 20.2 labor productivity and economic growth; How did john maynard keynes define economics? 20.3 components of economic growth; Learn with flashcards, games, and more — for free. Web ap econ chapter 20. In general, the more education, the higher the income. Web causes of income inequality.