Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 1R, Problem 20MCQ
To determine
The question requires us to determine the term for the study of the costs and benefits on large scale.
Expert Solution & Answer
Explanation of Solution
Decisions are generally informed by marginal analysis in an economy. Marginal analysis is the study of the costs and benefits of doing an activity a little bit more instead of a little bit less. A marginal word in itself defines an outcome of something additional.
Thus, the correct option is “D”.
Chapter 1R Solutions
Krugman's Economics For The Ap® Course
Ch. 1R - Prob. 1MCQCh. 1R - Prob. 2MCQCh. 1R - Prob. 3MCQCh. 1R - Prob. 4MCQCh. 1R - Prob. 5MCQCh. 1R - Prob. 6MCQCh. 1R - Prob. 7MCQCh. 1R - Prob. 8MCQCh. 1R - Prob. 9MCQCh. 1R - Prob. 10MCQ
Ch. 1R - Prob. 11MCQCh. 1R - Prob. 12MCQCh. 1R - Prob. 13MCQCh. 1R - Prob. 14MCQCh. 1R - Prob. 15MCQCh. 1R - Prob. 16MCQCh. 1R - Prob. 17MCQCh. 1R - Prob. 18MCQCh. 1R - Prob. 19MCQCh. 1R - Prob. 20MCQCh. 1R - Prob. 21MCQCh. 1R - Prob. 22MCQCh. 1R - Prob. 23MCQCh. 1R - Prob. 24MCQCh. 1R - Prob. 25MCQCh. 1R - Prob. 1FRQCh. 1R - Prob. 2FRQCh. 1R - Prob. 3FRQ
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