Marginal decision-making principle

Question

Question 1: Give a specific example of how you used the marginal decision-making principle to choose between two alternatives.

Question 2: Give an example of a public good

Question 3: What is the current minimum wage in the U.S.?

Question 4: Give an example of cap and trade legislation.

Question 5: The automobile industry operates in a(n)_____________________ market structure

Question 6: Give an example of a good with a relatively price elastic demand.

Question 7: Give an example of a good with a relatively price inelastic demand.

Question 8: Give an example of 2 goods with a negative cross price elasticity of demand.

Question 9: Give an example of government intervention in the marketplace