Use the following table to answer the question below. Units ConsumedTotal UtilityMarginal Utility00-1W20235X3Y10440ZThe value for Z is
A. -10.
B. -5.
C. 5.
D. zero.
Answer: B
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The data in the table above are the U.S. balance of payments. The capital and financial account balance is
A) $0. B) -$80 billion. C) -$200 billion. D) +$200 billion.
List and describe the two areas of positive economics
What will be an ideal response?
Jim is haggling with a car dealer over the sale price of a used car. When he entered the store he was the only customer. This means that
a. Jim has a better chance of having his offer accepted, since the seller does not have any outside offers b. Jim has lower chances of having his offer accepted, since the seller has more outside offers c. The disagreement value for the seller has increased d. Only A&C
Innovation can lead to increased productivity.
Answer the following statement true (T) or false (F)