Total utility always decreases when additional amounts of a commodity are consumed.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Which statement is true?
A. The Federal Reserve buys nearly all its United States government securities directly from the Treasury. B. Open market operations are the buying and selling of United States government securities in the open market by the Federal Reserve. C. The least important policy tool used by the Federal Reserve to control the money supply is open market operations. D. None of the choices/statements are true.
Economists argue that the move from barter to money increased trade and production. How is this possible?
Which of the following examples has the highest opportunity cost?
a. When interest rates are at 10 percent, Krisjan places all of his wages into a checking account. b. Katrin considers placing money in a Treasury Bill with interest of 7 percent, but decides against it. c. Gunnar decides not to invest in a CD that has an interest rate of 5 percent. d. When interest rates are at 3 percent, Freyja decides to use her money for everyday expenses.
How does the income distribution in the United States compare to other developed countries?
A. The income distribution is vastly more unequal in the United States compared to other developed countries. B. The income distribution must be the same in all developed countries, the United States included, because of increased globalization. C. The income distribution is vastly more equal in the United States compared to other developed countries. D. The income distribution tends to be more unequal in the United States compared to other developed countries, but not by a huge amount. E. The income distribution tends to be more equal in the United States compared to other developed countries, but not by a huge amount.