In Economics, the Term ________ Means "Additional" or "Extra

question 238

Multiple Choice

In economics, the term ________ means "additional" or "extra."

• A)allocative
• B)marginal
• C)equity
• D)optimal

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Definitions:

Manufacturing Productivity

The measure of output produced per labor hour in the manufacturing sector.

Per Capita

A statistical measure that divides an aggregate figure by the number of people in the population to provide a per-person average.

Healthcare Spending

Healthcare spending refers to the total amount of resources devoted to health services and products, encompassing both public and private expenditures.

World's Population

The current population of humans inhabiting the planet.