To Say That People Make Decisions at the Margin Means

question 112

Multiple Choice

To say that people make decisions at the margin means that:

• A)they usually wait until the last minute before making a decision to buy.
• B)they weigh the additional costs and the additional benefits of various activities before they make a decision.
• C)most people just barely get by on the incomes they earn and live from day-to-day on the very edge of subsistence.
• D)if given a choice,most people would prefer to make their own decisions concerning the things that affect their lives.
• E)they consider the total cost and the total benefit of various activities before they make a purchase.

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Definitions:

Dissociation

A psychological experience of disconnection between thoughts, identity, consciousness, and memory.

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A method of reducing pain through hypnosis, leveraging the mind's ability to alter perception of pain through focused concentration and suggestion.

Synesthesia

A phenomenon where a single sense is experienced as though it were being perceived by multiple senses, for example, visualizing sounds.

Clairvoyance

The supposed ability to gain information about an object, person, location, or physical event through extrasensory perception, beyond the known human senses.