Author Question: Economic theory is sometimes referred to as marginalism or marginal analysis because A) it deals ... (Read 75 times)

frankwu · **on:** Jun 29, 2018

Economic theory is sometimes referred to as marginalism or marginal analysis because

A) it deals with matters not central to most people's personal lives.
B) it emphasizes the effects of additional benefits and additional costs.
C) it has such a minor effect on political decisions.
D) it is only useful when it is added to a large stock of other knowledge.
E) it was created by abstracting from experience.

Question 2

Why are harder forms of liquor produced in dry counties in the U.S.?

A) Drinkers in dry counties only prefer liquor to beer and wine.
B) Producers only prefer to drink liquor.
C) Producers find liquor more efficient to produce, given the rules of the game.
D) Trick question: No liquor is produced in dry counties.