The Economic Way of Thinking Has to Do With

question 55

Multiple Choice

The economic way of thinking has to do with:

• A) analyzing benefits but not costs.
• B) analyzing costs but not benefits.
• C) making choices at the margin.
• D) making the distinction between microeconomics and macroeconomics.

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Definitions:

Demographics

Information about the characteristics of human populations and segments, especially those used to identify consumer markets such as by age, gender, income, and education.

Demographic Segmentation

The division of a market into segments based on demographic factors like age, gender, income, education, or ethnicity to tailor marketing strategies.

"Mini-Ads"

Short, appealing advertisements aimed at capturing audience attention quickly, often used in digital or social media platforms.

Channel Surf

The action of quickly switching between channels on a television to find a desirable program to watch.