In the above table, the marginal utility of fifth slice of pizza is
A. -10.
B. 20.
C. 10.
D. 0.
Answer: D
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Generally, when the Federal Reserve lowers interest rates, investment spending ________ and GDP ________
A) decreases; increases B) increases; decreases C) increases; increases D) decreases; decreases
If firms do not earn economic profits in a competitive equilibrium, why would the firms choose to stay in business?
What will be an ideal response?
Refer to the Article Summary. Prior to the initiation of the BRRD, the European Union had essentially been bailing out troubled banks. In doing this, the EU was, in effect, acting as a
A) private equity firm. B) shadow bank. C) lender of last resort. D) conductor of open market operations.
During World War II the United States' economy grew by about ________ percent a year.
A. 5 B. 10 C. 15 D. 20