Utils are used by economists to measure the satisfaction a person obtains from consuming a good
a. True
b. False
Indicate whether the statement is true or false
True
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A voting procedure in which voters initially rank alternatives, the alternative with the fewest first-place votes is eliminated and those votes are transferred to each voter's next-favorite choice,
and the process repeats until a winner emerges, is known as the A) Borda-count method. B) Condorcet method. C) instant runoff method. D) plurality-rule method
The tax represented here is
A. progressive.
B. proportional.
C. regressive.
D. None of these choices
A major point of difference between President Obama and Senator McCain in the 2008 campaign was
A. the desirability of increasing the federal minimum wage. B. the wisdom of stabilizing the U.S. banking system. C. the temporary Bush tax cuts of 2003. D. all of the options are correct.
One reason goods inflation is preferred by policymakers is that it:
A. keeps the economy away from asset deflation. B. makes people richer. C. makes people see the importance of monetary policy. D. keeps the economy away from asset inflation.