Marginal Thinking Was Simultaneously Described by Three Economists-Stanley Jevons, Carl

question 123

True/False

Marginal thinking was simultaneously described by three economists-Stanley Jevons, Carl Menger, and Adam Smith.

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Definitions:

Creates

Refers to the act of bringing something into existence or producing something through a process.

Trust

A fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.

Implied Trust

A trust formed by the law from the conduct or circumstances of the parties involved, rather than by explicit written agreement.

Created

Brought into existence or formed out of nothing.