When the marginal utility derived from a good is negative, total utility is _____
a. increasing
b. at a minimum
c. equal to zero
d. decreasing
e. at a maximum
d
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Which of the following is an example of a regional currency arrangement?
A) exchange rate union B) currency cartel associations C) free-trade zones D) most-favored nation status E) agreement on commercial trade
An example of a government-based approach to improve the quality of information in financial markets is ________
A) financial news networks B) mandatory disclosures C) government-directed credit D) government safety nets
All of the following statements about the Toxic Substances Control Act (TSCA) are correct EXCEPT
a. TSCA was enacted in the 1970s. b. One of TSCA’s primary objectives is to control chemicals that pose a risk after they are introduced into commerce. c. TSCA is the legislation that governs U.S. chemical policy today. d. TSCA grants EPA the authority to require testing on existing chemicals and to review most newly introduced chemicals before introduced to commerce.
Which of the following is an automatic stabilizer that reduces tax receipts during a recession?
A. Medicaid. B. Corporate and individual income taxes. C. Indexed retirement and Social Security benefits. D. Welfare benefits.