Marginal Analysis Studies How Individuals Decide

question 4

Multiple Choice

Marginal analysis studies how individuals decide:

• A)whether to live on the margin of society.
• B)whether to do a bit more of an activity versus a bit less of it.
• C)whether to go to college.
• D)how much down payment to make when buying stocks.

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Definitions:

Manumitted

The act of a slave owner freeing their slaves.

New Netherland

A 17th-century colonial province of the Seven United Netherlands that was located on the East Coast of North America.

Bacon's Rebellion

An armed rebellion held in 1676 by Virginia settlers led by Nathaniel Bacon against the rule of Governor William Berkeley, partly due to discontent with how Native American relations were handled.

Birth Rates

The number of live births per thousand of population per year.