Lawrence Is a Photographer

question 14

Multiple Choice

Lawrence is a photographer.He has $230 to spend and wants to buy either a flash for his camera or a new tripod.Both the flash and tripod cost $230,so he can only buy one.This illustrates the principle that

• A)trade can make everyone better off.
• B)people face trade-offs.
• C)rational people think at the margin.
• D)people respond to incentives.

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Money earned from selling advertising space or spots in various media formats, such as TV, radio, print, or online.

Publicity

The act of making something attract the public's attention, often through the media, to generate interest or support.

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Digital platforms that enable users to create, share, or exchange information, ideas, and content in virtual communities and networks.

American Adults

Individuals over the age of 18 living in the United States, representing various demographics, cultures, and backgrounds.