To say that people make marginal decisions means that
A) they usually wait until the last minute before making a decision to buy
B) they weigh the additional costs and additional benefits of various activities before they make a decision
C) most people just barely get by on the incomes they earn and live from day to day on the very edge of subsistence
D) given a choice, most people would prefer to make their own decisions concerning the things that affect their lives
E) they consider the total cost and benefit of various activities before they make a purchase
Correct Answer:
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Q70: When economists say that people act as
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A)incremental or decremental
B)unimportant
C)level or
Q72: Rational choice by an individual implies
A)the use
Q73: Economic information
A)is usually scarce and costly to
Q74: In economics, the term "marginal" usually refers
Q76: Economists generally believe that
A)buyers and sellers have
Q77: Economic decision makers will continue to acquire
Q78: When economic choice involves an adjustment to
Q79: Economists believe that
A)people who choose to promote
Q80: Economists believe that people respond in a
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