Jill's utility from an additional dollar increases more when she has $400 than when she has $200. From this, we can conclude that Jill
A) has an increasing marginal utility of wealth.
B) has a decreasing marginal utility of wealth.
C) is risk neutral.
D) has a negative marginal utility of wealth.
A
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In a market with ________, one side of the market has private information that is relevant for the other side
A) asymmetric information B) perfect competition C) monopolistic competition D) positive externalities
An effluent fee is an example of
A) a government policy to correct for an external benefit. B) a government policy to promote the production of a product with an external cost. C) a government policy to promote the production of a product with an external benefit. D) a government policy to correct for an external cost.
National policy always overrides free trade in matters of environmental concern.
Answer the following statement true (T) or false (F)
A category of assets for banks is cash items in the process of collection. This is:
A. payments from the FDIC insurance fund due the bank. B. uncollected funds the bank is due to receive from the clearing of checks. C. currency the bank is due from the Treasury. D. late fees the bank is owed from loan payments that were not made on time.