The law of diminishing marginal utility does not hold good when the good is free or priced at zero dollars
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The biggest problem caused by a deflation is that
A) prices fall. B) wages fall. C) interest rates rise. D) people cannot repay their debts.
Economics
Because these securities are more liquid and generally have smaller price fluctuations, corporations and banks use the ________ securities to earn interest on temporary surplus funds
A) money market B) capital market C) bond market D) stock market
Economics
When no economic growth occurs in an economy, the growth rate trend line is horizontal
Indicate whether the statement is true or false
Economics
The marginal tax rate has less effect on economic incentives than does the average tax rate
a. True b. False Indicate whether the statement is true or false
Economics