Which of the Following Statements Is True

question 40

Multiple Choice

Which of the following statements is true?

• A) Marginal analysis is a key tool used while optimizing using total value.
• B) Before and after comparisons can be used in both optimization using total value and optimization using marginal analysis.
• C) Marginal analysis is the comparison of economic outcomes before and after some economic variable is changed.
• D) Before and after comparisons involve calculating the incremental cost of moving from one alternative to the next best alternative.

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Definitions:

Self-Determination

The principle that individuals or groups have the right to make their own choices and control their own lives without external coercion.

NASW Code

A set of guidelines set by the National Association of Social Workers to outline the ethical responsibilities and standards of the profession.

Informed Consent

The process by which an individual voluntarily agrees to participate in a particular activity, such as research or treatment, based on a full understanding of the potential risks and benefits involved.

Integrity

The characteristic of integrity and adherence to high ethical standards.