Economics Promotes Which of the Following as the Way to Make

question 209

Multiple Choice

Economics promotes which of the following as the way to make the best decision?

• A)Continue an enjoyable activity as long as you do not have to pay for it.
• B)Continue an enjoyable activity until it is no longer enjoyable.
• C)Continue an enjoyable activity until you cannot afford to pursue it.
• D)Continue an enjoyable activity up to the point where its marginal benefit equals its marginal cost.

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Definitions:

Euro

The official currency of the Eurozone, which is used by many of the member states of the European Union.

Common Currency

A currency that is used by several countries, facilitating easier trade and economic stability within those regions; the Euro is a well-known example.

European Union

A political and economic union of 27 member states that are located primarily in Europe, aimed at promoting integration and facilitating a single market.

European Union

is a political and economic union of 27 member states that are located primarily in Europe, committed to regional integration, characterized by the adoption of common policies and a single market.