A Choice Made by Comparing All Relevant Alternatives Systematically and Incrementally

question 203

Multiple Choice

A choice made by comparing all relevant alternatives systematically and incrementally is

• A) an opportunity cost.
• B) a choice on the margin.
• C) a benefit.
• D) a sunk cost.
• E) a choice made in the social interest.

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Definitions:

Flatworms

A group of invertebrates known for their flattened bodies, belonging to the phylum Platyhelminthes.

Milkfish

A tropical marine fish important as food in Southeast Asia, known scientifically as Chanos chanos, often farmed in brackish water ponds.

Protostomes

A group of animals in which the mouth develops before the anus during early embryonic development.

Cephalization

The concentration of nerve tissue and sensory organs at the anterior end of an organism, leading to the formation of a head region.