Consider your decision to attend class in college or skip it. Which of the four core principles of economics applies to the notion that attending class today will require you to give up time and energy to pay attention, but in doing so you will gain a better understanding of the material?
A)Cost-benefit principle
B)Opportunity cost principle
C)Marginal principle
D)Interdependence principle

Question

Quizplus · Accepted Answer

The cost-benefit principle applies here because it involves weighing the costs (giving up time and energy) against the benefits (gaining a better understanding of the material) to make a decision.

Consider Your Decision to Attend Class in College or Skip