Explain What an Economist Means by the Phrase "Decisions Made

question 71

Essay

Explain what an economist means by the phrase "decisions made at the margin." Cite an example to support your answer.

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Definitions:

Columbian Artist

This likely refers to an artist originating from Colombia; however, since "Columbian" could also mean related to Christopher Columbus, specify if it's Colombian for accurate information.

Fernando Botero

A Colombian figurative artist and sculptor, known for his signature style featuring exaggerated, voluptuous forms.

Mount St. Helens

An active stratovolcano located in Washington State, USA, known for its major eruption on May 18, 1980.

Abstract Landscape

An artistic representation of landscapes that emphasizes shapes, colors, and forms over realistic depictions, aiming to express emotions and ideas.