Raising total utility is the prime objective of which political philosophy?
a. utilitarianism
b. liberalism
c. libertarianism
d. None of the above is correct.
a
You might also like to view...
The amount of investment demand at each interest rate suddenly falls. If the Fed holds to an unchanged money supply target, the change in GDP is __________ if it had held to an unchanged interest rate target
A) greater than B) less than C) the same as
A cartel
a. consists of two firms that collude to eliminate product differentiation so that they can sell their goods as identical goods b. is a group of firms that collude to limit competition within their market c. refers to the breakup of a firm into two or more firms where each produces a good that does not compete against the others d. is a government-supported merger of two or more firms to improve the nation's advantage in international trade e. is an illegal merger of two firms that produce unrelated goods
If a consumer reallocates his or her spending away from Good B and towards Good A, then the consumer's total utility will increase if:
A. MUA/PA > 0 and MUB/PB > 0. B. MUA/PA > MUB/PB. C. MUA/PA < 0 and MUB/PB < 0. D. MUA/PA < MUB/PB.
The difference between the buy at and the sell at price is caused by:
a. market friction. b. transaction cost. c. menu cost. d. market friction and transaction cost.