You Decide to Join the Economics Club,but This Means You

question 39

Multiple Choice

You decide to join the economics club,but this means you can't join the accounting club because it meets at the same time.Which economic principle does this statement BEST represent?

• A) The true cost of something is its opportunity cost.
• B) "How much" is a decision at the margin.
• C) People usually respond to incentives,exploiting opportunities to make themselves better off.
• D) There are gains from trade.

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Definitions:

Major Organic Product

The primary substance produced in the highest quantity from an organic chemical reaction.

1-ethoxy-1-methylcyclopentane

A chemical compound that consists of a cyclopentane ring with an ethoxy (-OCH2CH3) and a methyl (CH3) group attached to the same carbon atom.

1-methylcyclopentene

A simple organic compound characterized by a cyclopentene ring with a methyl group attached.

Major Organic Product

The top product obtained in the largest extent during an organic chemical process.