The economic perspective focuses largely on marginal analysis, which means analyzing
A) peripheral elements of a given issue or action.
B) the minor aspects of a given issue or decision.
C) the changes in the situation that would result from a given action.
D) emotional and psychological facets of a given action.

Question

Quizplus · Accepted Answer

The economic perspective focuses on marginal analysis, which involves analyzing the changes in the situation that would result from a given action. This allows decision-makers to consider the costs and benefits of each additional unit of a particular action or activity, which can inform their overall decision-making process. Therefore, option C is the correct answer.

The Economic Perspective Focuses Largely on Marginal Analysis, Which Means