Which of the following statements is true of marginal analysis?
A) Marginal analysis is a tool used in optimization in levels.
B) Marginal analysis compares the consequences of doing one more step of something.
C) Marginal analysis of alternatives will mostly give an outcome different from optimization in levels.
D) Marginal analysis involves the calculation of total net benefits of all the available alternatives.
B
Economics
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One reason why nations trade is because
a. trading provides opportunities to earn profits. b. the rate of interest is not the same in all countries. c. resources are not equally distributed to all nations. d. some nations like to build one thing while others like to build another.
Economics
Most economies in the world are
a. traditional. b. market. c. command. d. mixed.
Economics