You Decide Whether to Eat One More Slice of Pizza

question 40

Multiple Choice

You decide whether to eat one more slice of pizza based on how hungry you feel. This statement best represents this economic concept:

• A)Resources are scarce.
• B)The real cost of something is what you must give up to get it.
• C)"How much" is a decision at the margin.
• D)There are gains from trade.

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Definitions:

Essay Method

A performance appraisal technique where an evaluator writes a detailed narrative about an employee's performance.

Time-consuming

Describes tasks or activities that require a considerable amount of time to complete.

Long-term Performance

An evaluation of an entity's performance, such as a business or investment, over an extended period of time to assess stability and growth.

Critical Incident Method

A job analysis method by which important job tasks are identified for job success