A choice made by comparing all relevant alternatives systematically and incrementally is
A) an opportunity cost.
B) a choice on the margin.
C) a benefit.
D) a sunk cost.
E) a choice made in the social interest.
B
Economics
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The Lorenz curve represents the distribution of non-cash benefits
a. True b. False Indicate whether the statement is true or false
Economics
Mainstream macroeconomics would suggest that fiscal policy:
A. Affects GDP and the price level through changes in aggregate supply B. Changes aggregate demand and GDP through the multiplier process C. Has no effect unless the fiscal policy is accompanied by changes in the money supply D. Is relatively ineffective because the outcomes are anticipated and offset
Economics