You Decide Whether to Eat One More Slice of Pizza

question 62

Multiple Choice

You decide whether to eat one more slice of pizza based on how hungry you feel.Which economic principle does this statement BEST represent?

• A)Choices are necessary because resources are scarce.
• B)The true cost of something is its opportunity cost.
• C)"How much" is a decision at the margin.
• D)There are gains from trade.

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Definitions:

Employee Outcomes

The results of employees' work experience, including productivity, job satisfaction, and loyalty to the organization.

Discrimination

Unfair or prejudicial treatment of people based on characteristics such as race, age, sex, or disability rather than individual merit.

LMX Dyadic Relationships

The Leader-Member Exchange theory perspective that each leader-follower relationship is unique and can vary in quality, influencing outcomes.

In- or Out-groups

A concept in sociology and psychology where individuals are classified as belonging to either the ‘in-group’ (a group they identify with) or the ‘out-group’ (a group they do not identify with).