Making Choices on the Margin Means

question 172

Multiple Choice

Making choices on the margin means

• A)scribbling on the edges of your notebook paper.
• B)comparing all relevant alternatives systematically and incrementally.
• C)taking account of all marginal benefits, all opportunity costs, and all sunk costs.
• D)making decisions in the largest possible increments.
• E)making a decision based on emotions.

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Definitions:

Monocline

A geological fold where all strata are inclined in the same direction, forming a step-like structure.

Anticline

A type of fold in sedimentary strata that appears as an arch-like structure, with the oldest layers at its core.

Strike-Slip Fault

A type of fault where the movement of the Earth's crust is primarily horizontal, parallel to the fault line.

Thrust Fault

A type of fault where rock strata are pushed upwards on one side due to compressional forces.