If a box of strawberries has a marginal utility to you of 30 and its price is $5, while a box of blueberries has a marginal utility to you of 10 and its price is $2, then if you were thinking of the next purchase
a. strawberries are a better buy than blueberries
b. blueberries are a better buy than strawberries
c. either blueberries or strawberries will do, you value them equally
d. neither will do because one has a higher marginal utility while the other has a lower price
e. you should buy both strawberries and blueberries
A
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Which of the following causes a movement along the aggregate demand curve?
A) an increase in the price level B) an increase in government spending C) an increase in the money supply D) a fall in wages
A government policy that makes investments prior to retirement tax exempt until retirement increases the amount saved at any given interest rate
What will be an ideal response?
How can bonuses to exceptional employees be considered economic rents?
What will be an ideal response?
Largescale immigration into the New World, between 1870 and 1913 caused the real wages to:
a. decrease in comparison with Europe. b. increase at a slower pace in comparison with Europe. c. increase at a higher pace in comparison with Europe. d. stay constant.