The Standard Economists Use to Assess Whether an Activity Should

question 3

Multiple Choice

The standard economists use to assess whether an activity should be undertaken is

• A) majority vote
• B) the marginal benefit assessment.
• C) the gold standard
• D) economic efficiency.

---

Definitions:

Two-Factor Theory

A theory proposed by Herzberg that explains job satisfaction and motivation by categorizing workplace factors into hygiene factors and motivators.

Cognitive

Relating to mental processes such as perception, memory, thinking, and problem-solving.

Bisexual

Pertaining to a sexual orientation that involves attraction to both males and females.

Monogamous Relationships

A type of relationship where an individual has only one partner, spouse, or significant other at a time.