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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #561103
Introduction to Economics 1 Deneme Sınavı Sorusu #561103
Which of the following can be described as ‘the adjustments made to add to the total amount at the edge’?
Equity |
Efficiency |
Marginal change |
Opportunity cost |
Market economy |
Yanıt Açıklaması:
The term marginal is used frequently in economics to refer to small incremental adjustments made on an existing plan of action. The term “margin” means “edge,” so marginal changes are adjustments made to add to the total (the amount at the edge) achieved thus far. For example, for a mother who is feeding her little baby, whether to give an extra spoonful of soup or not is a kind of marginal change. The correct answer is C.
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