Children who dislike Brussels sprouts exemplify the notion that the marginal utility of Brussels sprouts is
A. zero.
B. less than the total utility.
C. negative.
D. positive but decreasing.
Answer: C
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Which state has a value-added tax?
a. Ohio b. Texas c. New York d. Michigan
Which of the following statements is valid when the market supply curve is vertical?
a. Market quantity supplied does not change when the price changes. b. Supply is perfectly elastic. c. An increase in market demand will increase the equilibrium quantity. d. An increase in market demand will not increase the equilibrium price.
Managed funds
a. typically have a higher rate of return and higher costs than index funds. b. typically have a higher rate of return and lower costs than index funds. c. typically have a lower rate of return and higher costs than index funds. d. typically have a lower rate of return and lower costs than index funds.
Private benefits are those benefits that accrue:
A. without compensation to someone other than the person who caused them. B. indirectly to the decision maker of a market exchange. C. directly to the decision maker of a market exchange. D. to third parties without direct government intervention.