Rational People Make Decisions at the Margin by

question 97

Multiple Choice

Rational people make decisions at the margin by

• A)following marginal traditions.
• B)behaving in a random fashion.
• C)thinking in black-and-white terms.
• D)comparing marginal costs and marginal benefits.

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Definitions:

Language Comprehension

The ability to understand spoken, written, or signed language through the processing of its components such as words and grammar.

Prelinguistic

Referring to the stage before the development of language, where communication occurs through sounds, facial expressions, and gestures.

Secondary Circular Reaction

A developmental stage in infants where they repeat actions that produce effects in the environment, leading to the learning of cause and effect.

Visual Recognition Memory

Refers to the capacity to recall and identify objects, faces, and events seen previously, demonstrating memory's visual component.