As you consume more and more of any good, you experience ________ utility
A) diminishing marginal
B) diminishing total
C) negative marginal
D) increasing marginal
A
You might also like to view...
Under the Federal Reserve Act, which banks must be members of the Federal Reserve System?
A) all commercial banks B) national banks C) state banks D) all banks with capital in excess of $100 million
If a large number of people were to leave their civilian jobs and join the military, which of the following would increase?
A) the civilian labor force B) the civilian employment ratio C) the civilian unemployment rate D) the civilian labor-force participation rate E) none of the above
When a country's ability to maintain its fixed exchange rate is doubted by investors:
A. it may fall under a speculative attack. B. the exchange rate is likely to spiral upward, out of control. C. the value of its currency tends to appreciate too quickly. D. All of these statements are true.
Efficiency wages tend to:
A. reduce costs in the short run but increase them in the long run. B. raise costs in both the long run and the short run. C. reduce costs in both the long run and the short run. D. increase costs in the short run but reduce them in the long run.