If Rachel bought too many hot dogs, her marginal utility would become negative and her total utility would
A. rise more slowly.
B. stop rising.
C. begin to fall.
D. become negative.
C. begin to fall.
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The purpose of deregulating banks during the 1980s was to: a. eliminate the risk that banks incurred
b. allow banks to compete with other financial institutions. c. allow U.S. banks to compete with foreign banks. d. help consumers earn more interest. e. decrease the cost of banking regulation.
Property right enforcement and markets can be imperfect, so environmental regulations are often used to correct market failures that result in environmental damages. But governmental regulation itself can be imperfect because
a. both environmental harms and the benefits of reducing them are uncertain and difficult to measure. b. regulation overrides the market, and therefore the regulators do not have market information on the costs imposed on damaged parties or those required to reduce the damages. c. special interests often use the regulatory process to obtain political favors that waste resources and conflict with the stated objectives of the regulation. d. all of the above are true.
If an investor wants to compare commercial paper to a corresponding default-free investment, which security would he/she use and why?
What will be an ideal response?
The real value of money ________ as the price level falls.
A. remains the same B. decreases C. increases D. None of these