In Economics, _____ Means Incremental, Additional, or Extra

question 86

Multiple Choice

In economics, _____ means incremental, additional, or extra.

• A) benefit
• B) marginal
• C) causation
• D) association
• E) optimal

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Definitions:

Compounded Annually

A method where interest is calculated once a year on the principal and previously accumulated interest.

Perpetuity

A type of annuity that pays a constant amount of money indefinitely, without a maturity date.

Semi-annual Scholarships

Scholarships awarded twice a year, often to support the educational expenses of students.

Compounded Annually

Pertains to the calculation of interest on both the initial principal and the accumulated interest from previous periods, applied once per year.