The Total Benefit of an Activity Minus Its Total Cost

question 225

Multiple Choice

The total benefit of an activity minus its total cost is:

• A) net benefit.
• B) marginal benefit.
• C) marginal cost.
• D) utility.

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Definitions:

GDP Rise

An increase in the Gross Domestic Product, indicating growth in the economy and the production of goods and services.

Velocity

In economic terms, the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period.

Money Supply

Money Supply refers to the total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.

M Rises

This term is unclear without context, but could refer to an increase in a specific variable "M" in mathematical, economic, or other models.