Write True or False to the Statements Below

question 64

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-The Philippines enjoyed the boom, but avoided the economic bust of the 1990s that many other countries in Southeast Asia experienced.

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Definitions:

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an extra unit of a good or service.

Marginal Cost

The cost increase resulting from the production of an extra unit of a product or service.

Part-Time Business

A venture or enterprise operated on a less than full-time basis, often alongside another job or personal commitments.

Marginal Cost

The cost added by producing one additional unit of a product or service, focusing on how cost changes with variations in output level.