An Editorial in the Paper Argues That Students Should Only

question 9

Multiple Choice

An editorial in the paper argues that students should only be allowed to attend school so long as the marginal cost of educating that student is less than the marginal benefit of that student's education. The writer's reasoning is an application of:

• A) positive economics.
• B) negative economics.
• C) normative economics.
• D) economic naturalism.

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Definitions:

Property Taxes

Taxes paid by property owners on their real estate holdings based on the assessed value of their property.

Omnichannel

A multichannel approach to sales that seeks to provide the customer with a seamless shopping experience, whether they are shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store.

Retail Channel

A route through which goods and services are sold to customers through various outlets like physical stores, online platforms, or by mail.

Intermodal Transport

Using multiple types of transportation for the same shipment.