A Marginal Benefit Curve Measures

question 30

Multiple Choice

A marginal benefit curve measures

• A)comparative advantage.
• B)willingness to pay.
• C)absolute advantage.
• D)opportunity cost.
• E)expenditure.

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Definitions:

Precautions

Measures taken in advance to prevent potential dangers or problems.

Economic Espionage Act

A U.S. law that makes the theft or misappropriation of a trade secret a federal crime when intended to benefit a foreign government, foreign instrumentality, or foreign agent.

Trade Secrets

Confidential business information that provides an enterprise a competitive edge and is often not disclosed to the public.

Misappropriations

involves the wrongful, illegal, or unauthorized use of funds or assets for purposes other than those intended by the owner or rightful possessor.