Marginal Analysis Studies How Individuals Decide

question 198

Multiple Choice

Marginal analysis studies how individuals decide:

• A) whether to live on the margin of society.
• B) whether to do a bit more of an activity versus a bit less of it.
• C) whether to go to university.
• D) how much down payment to make when buying stocks.

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Definitions:

Volcano

a geological structure through which magma and gases are expelled from the Earth's mantle to the surface.

Red Triangle

An area in the Pacific Ocean off the coast of Northern California noted for a high number of unprovoked shark attacks.

Safest Location

The area determined to have the lowest risk or threat to human life and property in the context of natural disasters or emergencies.

Houses

Structures serving as living quarters for one or more persons, especially for a family.