Match the following terms with their definitions.
a. rational choice
the amount o...
Social Studies, 19.10.2019 10:00 aliyahgregory
Match the following terms with their definitions.
a. rational choice
the amount of reluctance a person has to taking chances.
b. utility
a decision-making tool that weighs additional costs and benefits of going for one more unit of something.
c. marginal analysis
measurement of personal satisfaction of wants and needs gained from the use or consumption of goods and services.
d. risk aversion
logical decision-making based on thoughtful analysis that compares the benefits and costs of an action.
Answers: 2
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