Decisions Made "At the Margin" Require

question 7

Multiple Choice

Decisions made "at the margin" require

• A)comparing the benefits and costs of the next, or incremental, of consuming a good or service
• B)comparing the total benefits and costs of a consuming a good
• C)comparing the total benefits and the net costs of consuming a good
• D)comparing the net benefits and total costs of consuming a good

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Definitions:

Internalizing Behavior

Behaviors that are directed inward, such as anxiety, depression, and withdrawal, often as a response to external stressors.

Relative Poverty

A condition where people lack the minimum amount of income needed in order to maintain the average standard of living in the society in which they live.

Credit Card Debt

The accumulated unpaid balances owed on credit card accounts.

McKinney-Vento Homeless Assistance Act

A U.S. federal law that provides federal money for homeless shelter programs and aims to address the problems of homelessness in America.