The law of ____________________________ explains why people and societies rarely make all-or-nothing choices.
A) consumption
B) marginal analysis
C) diminishing marginal utility
D) utility
Correct Answer:
Verified
Q11: Marginal thinking is best demonstrated by:
A) choosing
Q12: Philosophers draw a distinction between positive statements,
Q13: The marginal benefit of a slice of
Q14: Philosophers draw a distinction between _, which
Q15: The opportunity cost of an action:
A) can
Q17: Scarcity exists because of:
A) the market mechanism.
B)
Q18: The leader of a federal political party
Q19: The opportunity cost of attending university is
Q20: Why is there scarcity?
A) Because the opportunity
Q21: Most real-world choices aren't about getting all
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