What Is Another Name for the Members of Generation 1

question 2

Multiple Choice

What is another name for the members of generation 1.5 Enriquez discusses?

• A) Gen-X
• B) 1.5% of the millennial generation
• C) second-generation citizens
• D) DREAMers

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Definitions:

Opportunity Cost

The cost of choosing one option over another, typically the best alternative forgone as a result of making a decision.

Efficient

Efficiency refers to the optimal production and distribution of resources in a way that best meets the needs and desires of consumers.

Scarce Resources

Natural, human, and capital resources that are limited in supply and can be used for the production of goods and services.

Bowed Outward

Refers to the shape of a production possibility frontier that indicates increasing opportunity costs for producing two goods.