In Order to Determine Whether to Major in Economics, a Rational

question 77

Multiple Choice

In order to determine whether to major in economics, a rational individual compares the ________ of the decision.

• A) marginal benefit and marginal cost
• B) normative benefits and positive costs
• C) self-interest and social interest
• D) positive benefits and normative costs
• E) opportunity cost and the sunk cost

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Definitions:

Problem/Solution

A structure outlining a specific issue and proposing one or more solutions to address it, commonly used in writing and speeches.

Four-Day Workweek

An employment arrangement where the workweek is shortened to four days instead of the traditional five, often with no reduction in pay.

Budget Woes

Financial challenges or difficulties pertaining to managing a budget or expenditure.

Intentional Repetition

The deliberate use of the same word, phrase, or structure for emphasis or artistic effect in communication.