Which of the following is an assumption of the decision-making process followed by consumers to maximize utility?
A. Marginal utility always increases as more units of a good are consumed.
B. The consumer's income increases as prices of goods increase.
C. The consumer considers the prices of the products.
D. The consumer oftentimes is not sure about her preferences.
Answer: C
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In order to raise the federal funds rate, the Fed ________ government securities in open market operations, so that banks' reserves ________ and the quantity of money ________
A) buys; decrease; increases B) buys; increase; decreases C) sells; decrease; decreases D) sells; increase; decreases E) buys; increase; increases
One protection that encouraged entrepreneurs in the U.S. was the enforceability of contracts by the courts
a. True b. False Indicate whether the statement is true or false
The tough, sheet like membrane that covers and protects muscle is:
A. fascia. B. a ligament. C. a tendon. D. periosteum.
The cost of an extra unit of oil in the United States in terms of coal given up is
A. 25.
B. 50.
C. 2.
D. 1/2.