Economics 9708 · AS & A Level · Scarcity, choice and opportunity cost

Scarcity, choice and opportunity cost — practice question

In Economics, choices are usually made ‘at the margin’. What is meant by this?

  • AThey are concerned with actions that occur in free market not planned economies.
  • BThey are concerned with issues on the boundary between macroeconomics and microeconomics.
  • CThey are concerned with the choice between normative and positive actions.
  • DThey are concerned with the effect of adding a further action to the current level of activity.

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