Economics Involves "Marginal Analysis" Because

question 37

Multiple Choice

Economics involves "marginal analysis" because:

• A)most decisions involve changes in the status quo.
• B)marginal benefits always exceed marginal costs.
• C)marginal costs always exceed marginal benefits.
• D)much economic behaviour is irrational.

---

Definitions:

Over-reliance

The excessive dependence on something or someone.

Distorting Reality

The act of misrepresenting or misconstruing facts or situations, often to align with one's own beliefs or to manipulate the perception of others.

Impulse Control

The ability of an individual to resist or delay an impulse, drive, or temptation to act.

Pent-up Emotions

Emotions that have been suppressed or not expressed, often leading to increased tension or stress.