Utility theory is an efficient tool in making interpersonal utility comparisons
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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What will be an ideal response?
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Borrowers who stated but did not document their incomes are referred to as:
A) subprime B) alt A C) adjustable D) securitized
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Why is the demand curve horizontal for a perfectly competitive firm?
What will be an ideal response?
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The utility we get from something:
A. is a measurement of our direct benefit of consuming the good. B. is a measurement of the benefit of consuming the good relative to the opportunity cost. C. is a measurement of outside perceptions and inner preferences. D. is a measurement of outside benefits and inner costs.
Economics