The law of diminishing marginal utility is consistent with the consumer behavior that produces a negatively sloped demand curve.

Answer the following statement true (T) or false (F)


True

Economics

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How can governments intervene in trade?

A) by not buying products from competing countries B) by helping reduce economic uncertainty C) by producing cheaper products D) all of the above

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Which of the following environmental problems are largely caused by persistent poverty?

(a) Deforestation. (b) Soil erosion. (c) Ground water contamination. (d) All of the above.

Economics

In a _______________________, most economic decisions about what to produce, how to produce it, and for whom to produce it are made by buyers and sellers.

A. market-oriented economy B. macroeconomy C. microeconomy D. command economy

Economics

When the government eliminates artificial barriers to entry:

A. firm profits will rise. B. prices to consumers will likely decrease. C. competition in the market will decrease. D. All of these will occur.

Economics