Katie has a choice of spending $6.00 for another hamburger, which has a marginal utility of 30, or $9.00 for another pizza. For her to choose the pizza, it would have to have a marginal utility of at least
A) 9.
B) 30.
C) 31.
D) 46.
D
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According to Robert Gordon, what led to the decline in unemployment in the 1940s?
A) structural barriers to expanding output and employment disappeared once a sufficiently large increase in aggregate demand had taken place B) decline in unionization of the workforce C) President Truman moving away from the policies implemented by President Roosevelt D) the strengthening of property rights following the end of the New Deal
As part of the nation's recovery from the Great Depression of the 1930s, the banking system was reformed in which of the following ways?
(A) The banking system was taken off the gold standard. (B) The government paid off loans for large corporations. (C) Banks were deregulated by the government. (D) The Federal Reserve Banks were closed.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles. B. an increase in economic growth. C. an increase in unemployment. D. a reduction in unemployment.
The more ________ the demand is for a product, the ________ tax revenue that will be raised by taxing the product.
A. elastic; more B. inelastic; less C. inelastic; more D. Tax revenues are unrelated to a product's price elasticity of demand.