One person's utility cannot be compared to another person's utility.
Answer the following statement(s) true (T) or false (F)
Ans: True
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If the consumption of Good A by one person does not decrease the quantity of Good A available for another person's consumption, then the good is said to be
A) nonrival. B) rival. C) nonexcludable. D) excludable.
When the price level is below the level at which the aggregate demand curve crosses the long run aggregate supply curve
A) there will be no price level change. B) there will be pressures that will lead to a shift of either the aggregate demand or the long run aggregate supply curves. C) total planned real expenditures will exceed actual real GDP, and the price level will increase. D) total planned real expenditure will be lower than actual real GDP, and the price level will increase.
"Not all government programs benefit the relatively poor." Discuss this statement with examples
The part of a corporation's net income that is paid out to the stockholders is
a. preferred stock b. bonds c. interest payments d. dividends e. reinvested profit