In the figure above, diminishing marginal utility is shown by
A) total utility curve A.
B) total utility curve B.
C) total utility curve C.
D) all three curves.
C
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A multilateral real exchange rate is the
A) government exchange rate. B) index based on the average of the real exchange rates with all other countries in the world. C) adjusted exchange rate. D) index based on the average of the real exchange rates with all U.S. trading partners.
In order to help the economy recover from a recession using fiscal policy, the government can ________ so that aggregate demand increases
A) cut taxes B) raise taxes C) cut government expenditure on goods and services D) raise interest rates E) decrease the quantity of money
Which of the following statements about demand is true?
a. The demand curve for a group of consumers in a market is simply the horizontal summation of each individual's demand. b. The single demand curve shows the quantity of a good that people will buy, allowing all factors (price, income, expected future prices, etc.) to vary. c. An increase in income will cause a person to move down and to the right along her demand curve. d. All of the above are true.
In the United States, ________ profits are taxed at both the corporate level and when investors receive dividends
A) a sole proprietor's B) a partnership's C) corporate D) all of the above