When Economic Choice Involves an Adjustment to an Existing Situation

question 138

Multiple Choice

When economic choice involves an adjustment to an existing situation, marginal analysis

• A)has no practical applications or real-world uses
• B)eliminates incorrect decisions and bad choices
• C)involves comparing the additional costs and additional benefits of an activity before deciding
• D)involves examining only the total costs and total benefits of an activity before deciding
• E)none of the above

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Definitions:

Fluid

A substance that has no fixed shape and yields easily to external pressure; can be a liquid, gas, or plasma.

Menopause

The time in a woman's life marking the end of her menstrual cycles, typically occurring 12 months after her last period.

Menstrual Cycles

The monthly series of changes a woman's body goes through in preparation for the possibility of pregnancy.

Pregnant Woman

A female who is in the state of carrying a developing embryo or fetus within her body.