According to the cost-benefit principle:
A) the lowest cost activity usually gives the lowest benefit.
B) a person should always choose the activity with the lowest cost.
C) a person should always choose the activity with the greatest benefit.
D) the extra costs and benefits of an activity are more important considerations than the total costs and benefits.
Correct Answer:
Verified
Q1: The scarcity principle applies to:
A) all decisions.
B)
Q2: If all the world's resources were to
Q3: When a person decides to pursue an
Q4: The central concern of economics is:
A) poverty.
B)
Q5: Economics is best defined as the study
Q7: Forest is a mountain man living in
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Q9: Choosing to study for an exam until
Q10: The scarcity principle tells us that _,
Q11: Economic questions always deal with:
A) financial matters.
B)
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