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Match each term with its definition.

  • Question 10a of 25 - Vocabulary

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Match each term with its definition.
  • Answers:
  1. Discretionary spending. Money for buying whatever you want.
  2. Marginal analysis. Weighing the extra costs and benefits of one more unit of something.
  3. Rational choice. A decision-making method that compares costs and benefits.
  4. Risk aversion. Reluctance for taking chances.

The correct answer is: Discretionary spending : Money for buying whatever you want; Marginal analysis : Weighing the extra costs and benefits of one more unit of something; Rational choice : A decision-making method that compares costs and benefits; Risk aversion : Reluctance for taking chances.

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