The Cost-Benefit Principle States That a Consumer Will Be Better

question 176

Multiple Choice

The cost-benefit principle states that a consumer will be better off to follow a particular course of action,only if the

• A) total benefits increase.
• B) total costs decrease.
• C) total costs remain unchanged.
• D) extra benefits from taking the action are greater than the extra costs.
• E) total benefits do not decrease.

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Definitions:

Prospective Voting

A voting behavior where voters make decisions based on future outcomes they expect from electing a candidate, as opposed to past actions.

National Elections

Electoral processes that determine governmental leadership at the national level, typically involving the selection of a country's executive leader and legislative representatives.

First Tuesday

Often refers to when elections are held in the United States, traditionally on the first Tuesday after the first Monday in November.

November

The eleventh month of the year in the Gregorian calendar, known for events such as Thanksgiving in the United States.