Answer:
<h3> b. small, incremental adjustment.</h3>
Explanation:
In economics, the term marginal change implies to small incremental change in the existing trend of the market or economy. Marginal change does not usually affect the whole economy but may result in a slight difference in the aggregate results.
For example, if a retailer raises the price of a product from $9 to $10 due to increase in marginal cost of the product, it is a marginal change.
Or suppose the average cost of a bus ticket to the next city cost $20 and the total cost of the 40 seats is $800 dollars. But imagine if three seats remained empty and one passenger who did not book a seat wants to pay $15 for a ticket, the driver will willingly accept the offer because although the average cost of a ticket is $20, the marginal cost is merely the cost of the ticket. The driver has to recover gas money from all the three empty seats.
Witch statement is true for what
The locating that IQ scores have increased dramatically during the last century is referred to as the Flynn impact.
The Flynn effect refers to a secular growth in population intelligence quotient (IQ) located at some point of the twentieth century (1–four). The modifications were rapid, with measured intelligence normally growing around three IQ factors per decade.
An instance of the Flynn effect is IQ rankings elevated by using 13.8 factors from 1932 to 1978. A similar price of growth was observed from 1972 to 2006.
Learn more about the Flynn impact here
brainly.com/question/10607327
#SPJ4
Answer:
Explanation:
Free market system: A free market is an economic system that allows supply and demand to regulate prices, wages, etc, rather than government.
