WHEN AN ECONOMIST SAYS THAT THERE IS "TOO MUCH OF A GOOD THING...

19. When an economist says that there is "too much of a good thing," the economist is suggesting that:scarcity is not a problem.wants are limited.the marginal cost of the thing is less than the marginal benefit.→ the marginal benefit of the thing is less than the marginal cost.

Test Bank for Essentials of Economics 3rd Edition by Brue

AACSB: AnalyticBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 01-01 Define economics and the features of the economic perspective.Topic: Economic perspectivesMultiple Choice Question Topic: Economics